Morning Minute: Democrat Sweep Pumps Crypto as Clarity Act Resurfaces
Bitcoin spent Tuesday night under $76,000, a seven-week low, with traders bracing for whatever a Democratic Congress meant for crypto. By Wednesday afternoon it was back above $80,800, up 4% on the day. The easy story is that uncertainty lifted and crypto exhaled. And that could be part of it. But oil helped. WTI fell 9% to $88 a barrel, down almost 17% on the week, as Iran’s parliament speaker said voters had “said NO TO WAR.” The DOW jumped 3% on the day and Nasdaq +1.6% in what was a huge green day across markets.