Bitcoin rose 1.6% to $78,277 after a brief dip, while nearly all of the top 100 cryptocurrencies by market capitalization were higher. Analysts said the Democratic sweep in the House and Senate was largely priced in, allowing a relief rally rather than triggering another sell-off. Crypto policy did not decide the election, but it now creates uncertainty about regulatory reform and the stalled Clarity Act, which could remain in limbo into 2027. Analysts nevertheless emphasized that macroeconomic factors, including real yields, dollar liquidity, flows into exchange-traded products and Federal Reserve policy, remain more important for Bitcoin than the elections.
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