Cryptocurrency prices are broadly consolidating on Thursday, with Bitcoin (BTC) trading around $80,600 after its recent recovery stalled below $81,000. Ethereum (ETH) remains neutral-bullish, hovering above $2,400 as recovery momentum cools. Ripple (XRP), meanwhile, shows signs of the uptrend extending for the third consecutive day, trading above $1.32.

The crypto market gained momentum amid the United States (US) midterm elections, in which the Democrats emerged with a majority in Congress. Despite the recovery outlook, macro uncertainty remains, with market participants pricing in 79% odds that the Federal Reserve (Fed) will hike interest rates by 25 basis points in December.  Only 21% of traders expect the central bank to keep rates…