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Bitcoin, Ethereum and XRP rally as dollar slips after US midterms
Original: Crypto Today: Why are Bitcoin, Ethereum and XRP extending gains as US Dollar falls on Democrats' US midterm win?
Bitcoin, Ethereum and XRP are extending their gains as the US dollar weakens following Democratic wins in the US midterm elections. Traders are linking the crypto rally to expectations that a divided Congress could curb fiscal spending, easing inflation pressure and weighing on the greenback, with investors watching whether the momentum holds.
Why now: The midterm result shifted market expectations about US fiscal policy, weakening the dollar and boosting risk assets like crypto.
BitcoinEthereumXRPUS Democratic Party
Evidence
- Crypto Today: Why are Bitcoin, Ethereum and XRP extending gains as US Dollar falls on Democrats' US midterm win? · www.tmgm.com
API: https://socialmediatrends-api.osmike.com/v1/trends/4893770