Bitcoin hits $80.5K as US stocks rally on midterm election results
Bitcoin climbed toward $80,500 as risk assets rallied on Democrats’ midterm election gains and oil prices fell.
Bitcoin (BTC) returned to $80,000 at Wednesday’s Wall Street open as US stocks surged following a Democratic sweep in the midterm elections.
Key points:
Data from TradingView showed BTC/USD up by over 4%, having rebounded from its lowest levels in seven weeks.
Source: Source: Cointelegraph