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Related tickers and likely impact
BTC/USDT
• NeutralBitcoin
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 10/23/2026 | 81,189.43 |
| Change that session | -0.28% |
ETH/USDT
• NeutralEthereum
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $277.2B |
| Close on 10/23/2026 | 2,387.60 |
| Change that session | -0.06% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
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- OCC Finalizes GENIUS Act Stablecoin Rules Ahead of January Deadline
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- Strategy Gains 7% as Bitcoin Rallies After Midterms, CEO Touts “Bitcoin Capital Cycle”
Strategy (MSTR) shares rose 7% today as Bitcoin and the broader market rallied after the midterm elections, while BitMine (BMNR) rose 8%. Bitcoin was up about 3.5% by midday, so Strategy's move was roughly twice as big, and its bitcoin was worth 1.6x its common book value at end-June. The company holds 849,327 bitcoin at an average cost of $75,451 a coin, and even today's rally only takes Bitcoin to around $80,500, leaving a thin cushion. Strategy raised about $21 billion from share sales this year, and CEO Phong Le put its multiple at 1.15x against management's 1.22x break-even. The author says leverage is working for shareholders today but wants the premium restored before calling the cycle healthy, and notes that MSCI's index decision on dropped companies is next.
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Two tokens linked to US President Donald Trump, Official Trump (TRUMP) and World Liberty Financial (WLFI), were the biggest losers among the top 100 cryptocurrencies on Wednesday, while Bitcoin and Ether rallied. TRUMP fell 17% over 24 hours to $1.33 and WLFI dropped over 7% to $0.047, per CoinMarketCap; Trump-family MELANIA fell nearly 13%, and the VANCE token, which has no confirmed official link to Vice President JD Vance, fell nearly 12%. The slide followed Democrats winning control of both the House and Senate in the midterms, which could make it harder for Trump to push his crypto plans and bring more scrutiny to his family's crypto businesses. Meanwhile, Bitcoin rose over 4% to around $80,500, Ether climbed 6% to $2,433, and the total crypto market gained 3.4% to $2.69 trillion, while the political memecoin sector fell over 16% to $477 million.
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Gold and bitcoin, the worst-performing major assets of 2026, rallied after the midterm elections as the dollar slipped. Gold futures rose more than 3% back above $4,000 an ounce, bitcoin gained nearly 4% to above $80,000, and silver rose about 5%. The article links the move to the 'debasement trade' and to the Treasury's reset of its borrowing guidance. Even so, gold futures were about 26% below their Jan. 29 record, bitcoin was 38% below its October 2025 peak, and the dollar index was still up nearly 4% this year. Wells Fargo Investment Institute expects a comparatively hawkish Federal Reserve, elevated Treasury yields and favorable U.S. growth to support modest dollar appreciation through 2027.
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