The cryptocurrency market recovered from an initial selloff following the US midterm elections, as Bitcoin climbed back above $78,000 and investors turned their attention to what a Democratic-controlled Congress could mean for digital assets.
Summary
- Bitcoin recovered above $78,000 following the US midterm elections, while declining volatility and renewed buying activity supported a broader recovery across financial markets.
- CoinShares expects slower progress on US crypto legislation under Democratic control of Congress, although Bitcoin could remain less exposed to regulatory uncertainty than exchanges and token issuers.
- Talos reported $848 million in overnight trading volume…
