Bitcoin briefly sinks to $75,700 as bets on a Democratic sweep rattle markets
Source: CoinDesk ·
From the source
Stock futures and the dollar slid and Treasuries rallied as early U.S. midterm returns pointed to Democrats taking both chambers of Congress. Bitcoin briefly sank to about $75,700 early Wednesday as early U.S. midterm returns raised the prospect of a Democratic sweep of Congress, before buyers lifted it back to around $76,700 as of Asian morning hours. It was a rough few hours. Bitcoin had climbed close to $78,000 late Tuesday as Americans voted, then dropped more than $2,000 as the first results came in. It’s now little changed over 24 hours. ZEC led the majors, bouncing about 5% to roughly $1,200 after Tuesday’s 10% drop. XRP rose 1% to $1.27, while ether, HYPE and TRX barely moved, with ether at about $2,260. SOL slipped about 1% to just under $92, and BNB was the laggard, down more than 1% to about $689, according to CoinDesk data. S&P 500 futures fell 1.3%, wiping out an early gain of 0.5%, and Nasdaq 100 futures dropped 2.3%. The dollar fell against most major currencies, and…