Bitcoin Slides as Results Roll In

Dow Jones09:17

Bitcoin and other major cryptocurrency prices are sliding as traders become increasingly confident Democrats will retake the Senate. A sharp selloff kicked off around 6:25 p.m. ET.

-- Bitcoin was trading hands around $76,800, a drop of more than 1% from less than two hours prior, before recovering some of its losses

-- Ethereum and other coins followed a similar pattern

Polls in most major battlegrounds hadn't even closed when the selloff began. Early results in certain Indiana races pointed to a good night for Democrats.

 

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