- Bitcoin recovers above $78,000 as Democrats’ lead in US midterms pushes the US Dollar to a five-week low.
- Ethereum ticks up, with traders marginally above the 200-day EMA on Wednesday as broader risk-on sentiment returns.
- XRP trades above $1.28 as bulls eye a short-term move beyond $1.30.
Bitcoin (BTC) trades above $78,000 on Wednesday as risk-on sentiment improves in the broader cryptocurrency market. Ethereum (ETH) mirrors BTC’s recovery outlook, hovering above $2,300. Ripple (XRP) similarly exchanges hands above $1.28, marking two consecutive days of gains.
US midterm elections boost crypto recovery
The broader recovery comes amid United States (US) midterm elections, with Democrats clinching victory after victory and moving toward…
