Bitcoin Price Trades Near $77,500 as Midterm Voting Begins
By Micah Zimmerman
AI summary of the source article
Bitcoin traded near $77,500 as U.S. midterm election voting commenced, amid regulatory uncertainty surrounding the CLARITY Act. The cryptocurrency faces ongoing pressure following a $6.3 billion theft from Binance and consecutive days of spot ETF outflows.
Why it matters
The vote decides control of Congress and, with it, the fate of the CLARITY Act, the market structure bill that passed the House 294-134 in July 2025 and failed a Senate cloture vote 49-50 on Sept. 15.
Key facts
- Bitcoin traded near $77,500, roughly $30,000 below its price from one year earlier.
- On Oct. 29, attackers attributed by the FBI to North Korea drained about $6.3 billion from Binance's hot wallets.
- U.S. spot Bitcoin ETFs experienced $643.3 million in outflows on Friday and an additional $399 million on Monday.
Source excerpt · Bitcoin Magazine
Bitcoin Magazine Bitcoin Price Trades Near $77,500 as Midterm Voting Begins Bitcoin price trades near $77,500 as midterm voting begins, pressured by a record $6.3 billion Binance hack, ETF outflows, a Fed leaning toward a December hike and oil above $100 on Iran tensions. This post Bitcoin Price Trades Near $77,500 as Midterm Voting Begins first appeared on Bitcoin Magazine and is written by Micah…