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Bitcoin Shrugs Off Midterms as Experts Say Democratic Sweep Was 'Priced In'

Bitcoin rose 1.6% to $78,277 after a brief dip, and almost every top 100 token was also in the green. Analysts including André Dragosch of Bitwise Europe said the Democratic sweep was largely priced in, with Polymarket odds at 65.5% at the start of the week. The results add uncertainty for the stalled Clarity Act, which many Democrats oppose over Trump's crypto conflicts of interest, and CoinShares' James Butterfill said slower crypto reform is the bigger concern, with U.S. exchanges and token issuers potentially more sensitive than Bitcoin. Dragosch expects little change over the next two years as macro factors stay in the driver's seat, while BitOK's Dmitry Machikhin expects the Clarity Act to remain in limbo into 2027.

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