• Bitcoin rebounded on Thursday as investors weighed the U.S. midterm results.

• Democrats won control of both the House and the Senate.

• The crypto industry spent about $176 million across more than 100 midterm races this cycle, Reuters reported last month.

Bitcoin (BTC) rebounded above $80,000 on Thursday as investors weighed the results of the U.S. midterm elections, while crypto industry stalwarts Tom Lee and Michael Saylor struck a positive tone for the apex cryptocurrency.

Lee wrote on X, “Bullish for crypto,” tagging Bitcoin, Ethereum (ETH), Bitmine Immersion Technologies, Inc. (BMNR), and Bitmine’s Series A Preferred Stock (BMNP) shares. Lee serves as the Chairman of the Board for…