Bitcoin firms to $80.5k as U.S. elections buoy risk appetite, but outlook unclear

What happened: Bitcoin rose 3.6% to $80,543.2 as a Democrat sweep in the U.S. midterm elections lifted risk assets, rebounding from lows near $75,000 earlier this week. Key numbers: Bitcoin +3.6% to $80,543.2; Ether +5.6% to $2,420.54; XRP +2.3%; Solana and Cardano each over +3%; BNB +2%; Dogecoin +2.3%; $TRUMP -17.2%; Riot Platforms sold Why it matters: A Democrat-led Congress has historically subjected crypto to more scrutiny and blocked the Clarity Act, so questions over future crypto legislation limited Bitcoin's recovery. Riot's large sale raised questions over mining profitability. Market: +4.6% today ($80,680.33), -9.8% YTD — as of 00:45 UTC

Bitcoin rose 3.6% to $80,543.2 as a Democrat sweep in the U.S. midterm elections lifted risk assets, rebounding from lows near $75,000 earlier this week.

A Democrat-led Congress has historically subjected crypto to more scrutiny and blocked the Clarity Act, so questions over future crypto legislation limited Bitcoin's recovery. Riot's large sale raised questions over mining profitability. Market: +4.6% today ($80,680.33), -9.8% YTD — as of 00:45 UTC