Bitcoin hits $80.5K as US stocks rally on midterm election results

Bitcoin climbed toward $80,500 as risk assets rallied on Democrats’ midterm election gains and oil prices fell.

Bitcoin (BTC) returned to $80,000 at Wednesday’s Wall Street open as US stocks surged following a Democratic sweep in the midterm elections.

Key points:

Data from TradingView showed BTC/USD up by over 4%, having rebounded from its lowest levels in seven weeks.

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