Bitcoin Holds Near $77,000 as Traders Price in Political Gridlock Ahead of US Midterm Results

Bitcoin rose about 0.8% at Tuesday’s Wall Street open, hovering around $77,000 and holding above the local lows near $76,300 seen on Friday. A rebound in tech shares helped, even as investors waited for signals from the US midterm elections.

Why Analysts See Political Gridlock Priced In

Polls point to big Democratic gains, but some experts doubt the result will be that clear. Tobin Marcus of Wolfe Research told CNBC that investors are skeptical the outcome will be as favorable to Democrats as surveys suggest, and he thinks polls may oversta te their strength.

Stocks Edge Higher After Monday’s Dip

The S&P 500 fell 0.5% on Monday and the Nasdaq Composite lost 1.1%. Tuesday’s session opened with conflicting forces, as the tech rebound competed with election nerves and Apple’s margin warning.

Oil Falls Despite New US Strike on Iran

WTI crude slipped to $96 a barrel after a US attack on Iran’s Qeshm Island, a key military outpost near the Strait of Hormuz. Prices briefly jumped to $98.80 before sliding.