Bitcoin Climbs Past $78,000 as Election Uncertainty Fades
Bitcoin rebounded sharply after an initial drop below $76,000, following the outcome of the U.S. midterm elections where Democrats secured majorities in both houses of Congress. As the election results became clearer, Bitcoin managed to overcome its losses and surged past the $78,020 mark. Meanwhile, Nasdaq futures saw an initial drop of over 2% but later recovered to just a 0.3% decline.