US crypto market today: Bitcoin, Ether hit lowest levels since August as Democrats’ midterm win raises regulation fears
Bitcoin and Ether, the world’s two biggest cryptocurrencies, dropped to their lowest levels since August as investors worried that a Democrat-controlled US Congress could bring stricter rules for the crypto industry.
Investors are concerned that Democrats could increase government oversight of cryptocurrencies following their victory in last week’s US midterm elections. Several Democratic lawmakers have criticised the crypto industry and called for stronger rules.
