Democrats Favored in US Midterms: Impact on Gold, Bitcoin and Stocks
- —Polymarket: Democrats have a 93% chance of taking the House and 65% of the Senate
- —A smaller deficit would strengthen the dollar and weigh on bitcoin
- —Easing Iran tensions would lower oil and inflation expectations, a tailwind for BTC
- —Bitcoin trades near $79,894, down 1.2% over 24 hours
Why it matters: The Nov. 3 midterms will shape US fiscal, military and AI policy, and through the dollar, bitcoin's direction.
Source: BeInCrypto JP