Bitcoin Climbs Above $80,500 as U.S. Futures Rebound After Midterms

Bitcoin (BTC) pushed above $80,500 in Wednesday's U.S. session as investors absorbed Democratic gains in the midterm elections, with stock futures rebounding and oil prices sliding. BTC rose more than 4% after recovering from a seven-week low, moving back above $80,000 early in the U.S. stock session. U.S. equity futures weakened overnight before turning higher Wednesday. S&P 500 futures climbed to 7,690 after touching 7,490, their lowest level since July 31. The rebound brought the contracts near their month-to-date highs. West Texas Intermediate (WTI), the U.S.

Source: TokenPost