Bitcoin recovered from a six-week low to trade at $78,354 on Wednesday morning, while Ethereum rose to $2,323 after Democrats won control of both chambers of Congress. The article says the rebound looks largely like a natural bounce, as the Democratic sweep had mostly been priced in before election night. The Clarity Act had already failed a procedural Senate vote in September, 49-50, short of the 60 votes needed, and now faces a harder path. Crypto groups spent more than $300 million supporting candidates across the 2024 and 2026 cycles, including about $176 million on more than 100 races this year. Bitcoin ETFs recorded $215 million in net withdrawals in October, bringing year-to-date net outflows to $1.84 billion.
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Related tickers and likely impact
BTC/USDT
▲ Likely positiveBitcoin
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 11/03/2026 | 77,453.86 |
| Change that session | +0.83% |
ETH/USDT
▲ Likely positiveEthereum
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $277.2B |
| Close on 11/03/2026 | 2,274.77 |
| Change that session | +0.95% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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