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Crypto Macro

US Midterms: Democrats Sweep Both Chambers; Crypto Industry’s $63M Ohio Bet Fails

Democrats swept both chambers of Congress in the US midterm elections on November 4 Beijing time, flipping six Senate seats and winning 234 House seats. In Ohio, Democrat Sherrod Brown defeated Republican Jon Husted with 48.8% to 46.3%, despite roughly $63 million spent by crypto-affiliated PACs and donors against him. Bitcoin briefly fell below $76,000 before the results, then rose past $78,000.

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