Bitcoin price briefly dropped below $76,000 as news confirmed that Democrats won control of Congress, raising fresh questions about the future of U.S. crypto regulation. The selloff came as technology stocks struggled with an AI spending correction, leaving digital assets exposed to another wave of risk aversion.

Bitcoin fell to around $75,000 area overnight before recovering above $77,000 on Wednesday morning. The move followed early election results that pointed toward Democratic control of both chambers, a major shift in Washington’s political balance.

But the election was not the only pressure point. Bitcoin had already weakened alongside technology stocks, while traders faced uncertainty over the…