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Bitcoin bounces from 7-week low under $76K as Democrats sweep Congress

Bitcoin bounces from 7-week low under $76K as Democrats sweep Congress
AI summary

Bitcoin fell to a seven-week low of $75,618 as Democrats swept Congress, a political outcome that unsettled crypto markets. The drop triggered nearly $300 million in 24-hour long liquidations, forcing leveraged bulls out of positions. Traders are watching whether BTC can hold above the $76K area or extend losses as the new political landscape is priced in.

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