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Survey puts Bitcoin year-end median at $76,450 if Democrats sweep Congress

NewsFeeds update

A survey puts the median Bitcoin year-end forecast at $90,800 if Republicans hold both chambers of Congress, $76,450 if Democrats take both and $84,100 if control is split. Analysts say a Democratic sweep could make the CLARITY Act harder to pass over the next two years.

BitcoinOdailyAIBearish

Read the original on Odaily

The story so far: US midterms and crypto oversight

Kalshi data put Democratic chances of winning the Senate at 64% and the House at 90% in the US midterms, with a Democratic Congress unlikely to prioritise the CLARITY Act. A survey now puts the median Bitcoin year-end forecast at $90,800 if Republicans hold both chambers, $76,450 if Democrats take both and $84,100…

  1. Ben McMillan says US midterms pose risk to AI trade

    AI stocks sold off again this week, though some heavily hit names rebounded intraday, CoreWeave among them. IDX Advisors chief investment officer Ben McMillan said Democratic criticism of data centres is rising and could become a real risk for the AI trade ahead of the 3 November US midterm elections.

    AIOdailyAINeutral

  2. US midterms may push Congress towards tougher crypto oversight, leaving CLARITY Act stalled

    Kalshi data put Democratic chances of winning the Senate at 64% and the House at 90% in next week's US midterms. Senator Angela Alsobrooks said a Democratic-controlled Congress would not prioritise the CLARITY Act, and Warren would chair the Senate banking committee if Democrats win the Senate.

    RegulationPANewsAIBearish

  3. The Block says US crypto oversight may tighten after midterms

    The Block said the next Congress could shift from legislative support to tighter crypto oversight and revive the CLARITY Act in scaled-down form, with stablecoin interest disputes and Trump-linked crypto ventures among the obstacles.

    RegulationCoinNessAIBearish

  4. Seth Meyer says midterms usually hurt the ruling party as US stock futures rise

    US stock futures rose as tech and AI-related shares steadied after a poor October, with investors focused on the midterm elections and a heavy earnings run; the Nasdaq 100 lost more than $2.5tn in value last month. Janus Henderson's Seth Meyer said midterms usually hurt the ruling party and a Democratic House win would return divided government.

    MacroOdailyAINeutral

  5. Democratic 'blue wave' in US midterms stirs fears for AI boom

    A Democratic 'blue wave' is gaining momentum in the US midterms, stirring fears that the AI boom could cool.

    AIBloomingbitAINeutral

  6. Survey puts Bitcoin year-end median at $76,450 if Democrats sweep Congress

    A survey puts the median Bitcoin year-end forecast at $90,800 if Republicans hold both chambers of Congress, $76,450 if Democrats take both and $84,100 if control is split. Analysts say a Democratic sweep could make the CLARITY Act harder to pass over the next two years.

    BitcoinOdailyAIBearish

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Every Bitcoin update on NewsFeeds

Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Updates are joined into one story by AI; our editors can change a story’s name or take an update out. Not investment advice.