Wall Street’s Stunning Post-Election Rebound Puts Bitcoin and Crypto Markets in Focus

U.S. stock indices rebounded after midterm elections pointed to Democrats winning both chambers of Congress, reversing an earlier sell-off. NASDAQ futures had dropped more than 2%, but the S&P 500 recovered 2.18% and the NASDAQ gained 3.13%; Japan’s Nikkei 225 rose 5.09% and South Korea’s KOSPI 4.71%. Bitcoin also fell into the $75,000 range before recovering as election uncertainty eased, TDX Strategies founder Dick Lo said. Democrats are projected to control Congress from Jan. 3, 2027, while Republicans hold it until then; President Donald Trump retains veto power, which Congress can override only with two-thirds majorities. 10x Research said Bitcoin and Ethereum remained at a technical turning point.