Crypto tracks stocks higher after Democrat midterm wins
4 Articles
4 Articles
Bitcoin Slips as Democratic Sweep Bets Threaten Crypto Agenda
Bitcoin swung to gains from a seven-week low Wednesday as investors weighed a Democratic sweep in the US midterm elections, offering a reprieve to a crypto market battered by a major exchange hack and investor withdrawals.
Crypto tracks stocks higher after Democrat midterm wins
Cryptocurrencies recovered on Wednesday from overnight losses triggered by the Democrats winning control of both houses of the US Congress in the midterm elections, a potential blow to an industry that has sought faster deregulation for digital assets.
The share of Gulf exchanges rose at the beginning of Wednesday's dealings after the results of the American election showed the loss of the ruling Republican Party of the House of Representatives and the Senate, slapping the politics of President Donald Trump. The Saudi stock market index rose by 1.7%, while the Dubai index jumped by 2.5%.
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