The US midterm elections are coming! Market predictions indicate that the Democrats will win approximately 93% of the House of Representatives and 70% of the Senate, achieving a 70% majority in both houses. Three things relevant to the cryptocurrency market: First, the Clarity Act failed to pass the Senate on September 15th, and with a change in Congress, the legislative process is likely to be rescheduled. Second, the market is worried about renewed US action against Iran after the election, which could lead to higher oil prices and increased expectations of interest rate hikes. Third, both Kalshi and Polymarket saw record-breaking trading volumes in October, and election week will likely see even more frenzy. Adding to this, there are calls for interest rate hikes from the Federal Reserve, and Binance was hacked last week. This week, BTC is caught in the middle of politics, interest rates, and negative news, making it difficult for it to move independently.