LIVE – Bitcoin Price Slides, Washington’s Political Balance Shifts, Trump’s Crypto Agenda at Risk

Dextape brief

By Dextape Desk · November 4, 2026

Democrats won control of the Senate in the 2026 midterm elections, handing President Donald Trump a setback in races across Texas, Ohio, North Carolina, Kansas and South Carolina. Bitcoin dropped from nearly $78,000 to about $75,000 after early results, then recovered to roughly $77,700. Nasdaq 100 futures also slid as much as 2.3%. The article says the result could complicate the CLARITY Act, a bill that would set digital asset rules and split oversight between U.S. regulators. That measure stalled in a September Senate procedural vote after Democrats raised ethics concerns tied to Trump's crypto business interests. Democrats could also investigate the administration's digital asset ventures, though the article notes the outcome does not automatically make rules stricter.

Why it matters: The outcome could shift the timing and terms of federal crypto legislation, which affects firms waiting on clearer rules.

Mentioned: Bitcoin, Nasdaq

Summary by Dextape, based on reporting by Cryptonews. Written with AI from the publisher’s text and checked automatically for copied wording and unsupported figures. Not investment advice.