Bitcoin rises 0.7%, tech stocks rebound as US election uncertainty weighs on markets

Bitcoin traded higher at the start of Tuesday’s Wall Street session, climbing 0.7% alongside a rebound in technology stocks, despite continued concerns over the outcome of the US midterm elections. BTC/USD hovered near $77,000, maintaining its position above local lows around $76,300 recorded on Friday. The move upward followed gains in broader US equity markets, which avoided a sharp decline even as investors monitored the unfolding political situation. According to analysis from The Kobeissi Letter, financial markets have already priced in two years of heightened political uncertainty based on projections of Democratic gains in Congress.

Source: CoinTurk News