According to Cointelegraph, Bitcoin’s price fell to a seven-week minimum of $75,618 before recovering above that level. The decline occurred as 24‑hour crypto long liquidations approached $300 million. Around the same time U.S. Democrats secured victories that resulted in a sweep of Congress.
The movement reflects price pressure from large liquidation activity during the recent downturn, followed by upward price action as market participants responded to the broader electoral developments.
