Bitcoin price rebounds above $77K as Democrats sweep U.S. midterms, what’s next?

Bitcoin has recovered above $77,000 after briefly falling toward $75,700 as Democratic gains in the U.S. midterm elections raised fresh questions about cryptocurrency regulation. Summary Bitcoin price recovered to around $77,600 after briefly falling toward $75,700 during the U.S. midterm election count. NBC News projects Democrats will control both chambers of Congress, raising questions about pending cryptocurrency legislation. Santiment reported bearish Bitcoin sentiment, with just 0.51 positive comments for every negative comment. U.S. spot Bitcoin ETFs recorded $115.56 million in net outflows on November 3, extending withdrawals from the previous trading sessions. Analysts are watching support near 75,500–76,500 and resistance between $78,000 and $80,000. According to crypto.news price data, Bitcoin traded near $77,600 at the time of reporting, recovering from the earlier decline. The cryptocurrency had approached $78,000 late Tuesday before retreating as election results began arriving. The recovery brought Bitcoin back into positive territory over the previous 24 hours, although the price remained below $80,000 and its October highs near $86,000. Meanwhile, Ether traded near...