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US Vote Boosts Bitcoin
Bitcoin rose 3.6% to $80,543.20 on Thursday as risk assets rallied after Democrats won the U.S. midterm elections, recovering from levels near $75,000. A weaker dollar, lower Treasury yields and falling oil prices helped support cryptocurrencies, while President Donald Trump’s acceptance of the election results eased market uncertainty. Investors nevertheless remain concerned about the possibility of tighter regulation of the sector under Democratic control of Congress.
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