Democrats gain control of congress in U.S. midterm elections, crypto market faces selling pressure as UE Crypto cloud mining emerges as a new option for investors

Democrats won control of Congress in the U.S. midterm elections, raising fresh questions about the direction of cryptocurrency regulation. Bitcoin briefly dropped to around $75,700 before recovering back above $78,300. Traders are watching how a Democratic-controlled legislature shapes crypto policy, with the initial price dip signaling regulatory uncertainty.