Midterms: Bitcoin, dollar, stock market… Markets react to Trump's defeat

Bitcoin briefly fell below $76,000 before rebounding after Democrats won the U.S. midterm elections, a result that also pushed the dollar and Treasury yields lower. The crypto industry, which had spent heavily on the races to advance its interests in Washington, saw the outcome as a setback. Markets reacted sharply to the political shift, with the dollar and bond yields retreating alongside the initial Bitcoin drop. The scale of crypto’s campaign spending and the durability of Bitcoin’s rebound are the key things to watch next.