Bitcoin edged lower as early results from the U.S. midterm elections came in, with equity futures also moving down. S&P 500 futures fell 0.6%, while Nasdaq 100 futures lost 0.5%, according to the news brief cited by Techub. Prediction market Kalshi showed the Democratic Party’s odds of winning the Senate at nearly 90%, with its chances of taking the House at 97%.
The report said investors were concerned that a Democratic majority could restrict data center construction and weigh on AI-related stocks. At the same time, VIX futures rose to 20.90, pointing to higher market anxiety. On the corporate side, AMD reported earnings above expectations. Its shares jumped by a double-digit percentage in after-hours trading before narrowing those gains to about 4%.
The item also cited historical data showing that Bitcoin has risen by an average of 54% after past U.S. midterm elections. The source attribution in the brief pointed to BeInCrypto.
Bitcoin slipped slightly as early results from the U.S. midterm elections began to emerge, while U.S. equity futures also moved lower.
According to the Techub brief, S&P 500 futures fell 0.6% and Nasdaq 100 futures dropped 0.5%. Kalshi data showed the Democratic Party’s odds of winning the Senate at nearly 90%, while its odds of winning the House stood at 97%.
The report said investors were worried that a Democratic majority could limit data center construction and affect AI stocks. VIX futures rose to 20.90.
AMD, meanwhile, reported earnings above expectations. Its stock was up by a double-digit percentage at one point in after-hours trading before narrowing the gain to about 4%.
The brief, citing BeInCrypto, added that historical data shows Bitcoin has gained an average of 54% after past midterm elections.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
