Analyst sees bitcoin relief rally potential as Democratic sweep priced in

James Butterfill, head of research at digital asset investment firm CoinShares, said bitcoin could see a relief rally once U.S. midterm election uncertainty clears, since a Democratic sweep is largely priced in. He cautioned that slower crypto reform could weigh more heavily on companies waiting for regulatory permissions. Traders would watch post-election price action for a relief bounce, while regulatory delays remain a risk for crypto equities.