Democrats Drag US Midterms As Bitcoin Drops Below $77,000 The Democratic Party regained control of both the Senate and the House in the midterm elections, reversing expected Republican gains. The price of Bitcoin fell to $76,700 following the election results, reflecting negative sentiment towards a party that has historically been unkind to the crypto industry. Despite the setback with the blocking of the Clarity Act, analysts believe that regulatory clarity can still be achieved through actions by the SEC and the CFTC, indicating a resilient outlook for the crypto sector.