[Analysis: Crypto Traders Digest News of a Wide Democratic Victory, Easing Bitcoin Sell-off] According to CLS News Agency, Bitcoin rebounded from an earlier sell-off after hitting a seven-week low, as investors weighed the expectation of a Democratic sweep in the US midterm elections and its impact on the cryptocurrency industry. "Bitcoin is rebounding because Trump has stated he will respect the election results, and American voters have voted against war; there is now hope for a resumption of peace talks," said Thielen, head of 10x Research, referring to the war with Iran that began in February. "Bitcoin is currently oversold and should rebound."