Bitcoin Rebounds as Markets Price In Fiscal Gridlock Democrats won control of both chambers of Congress. BTC initially fell to $75.6K before rebounding above $80K. Why the reversal? A divided government raises expectations of fiscal gridlock, reducing the likelihood of further tax cuts and deficit expansion. That has helped ease pressure on Treasury yields and the dollar, supporting risk appetite. For Bitcoin, these improving macro conditions appear to be outweighing concerns over greater regulatory uncertainty. The near-term market reaction is constructive, although a Democratic Congress could complicate the path for crypto legislation, including the CLARITY Act. #Bitcoin #BTC #USMidterms #Macro