Bitcoin prices are sliding tonight as early U.S. midterm election results roll in, dropping over 1% in a sudden wave of volatility. Triggered around 6:25 p.m. ET, a sharp wave of selling pushed the premier cryptocurrency down toward $76,800 shortly after initial poll closures began.
- Historically, Bitcoin has weathered pre-election volatility poorly shedding massive percentages ahead of the 2014, 2018, and 2022 midterms. However, historical data shows that the digital asset has closed significantly higher one full year after every previous midterm cycle.
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