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Bitcoin may rebound as election uncertainty fades, but crypto reform delays pose risks, says CoinShares chief.

Market News
06 Nov 2026, 04:19 WIB
Tokenpost
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Neutral
Bitcoin may rebound as election uncertainty fades, but crypto reform delays pose risks, says CoinShares chief.

Bitcoin has priced in expectations of a large Democratic win in the upcoming U.S. midterm elections, potentially paving the way for a price rebound as election uncertainty fades. However, CoinShares research chief James Butterfill warns that slower progress on crypto regulation, especially challenges to the Clarity Act and political distractions from Trump-related investigations, could pose greater risks to the crypto industry. U.S. crypto stocks, particularly exchanges and token issuers, may be more vulnerable to regulatory scrutiny than Bitcoin itself. Compliant firms might benefit if competitors face tighter oversight. For Bitcoin, factors like real yields, dollar liquidity, and exchange-traded product flows remain more influential than election outcomes.

Bitcoin and its outlook amid U.S. midterm election expectations provide context for cryptocurrency market activity. For readers following major cryptocurrencies on Pluang, here is the market snapshot as of Nov 06, 2026 08:21 WIB: out of 50 major cryptocurrencies, 4 rose and 45 fell today. Notable movers include ZIL (Zilliqa) down 9.20% at Rp30 with 82% buy orders, CRV (Curve DAO Token) down 8.79% at Rp4.588 with 83% sell orders, and EOS (EOS.IO) up 8.13% at Rp12.649.

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