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Bitcoin may react less to expected Democratic midterm wins as Fed rate hikes loom larger.

Market News
29 Sep 2026
BeInCrypto
View Source
Neutral
Bitcoin may react less to expected Democratic midterm wins as Fed rate hikes loom larger.

Democrats are favored to win the US midterms with a 61% chance of sweeping Congress, but Bitcoin's price may be influenced more by Federal Reserve rate hikes than political outcomes. The Senate blocked the CLARITY Act, which aimed to clarify crypto regulation, yet Bitcoin rallied afterward, suggesting monetary policy is a bigger driver. Fed officials expect more rate hikes this year, which could challenge Bitcoin's rally. The Senate's stance, especially opposition from Senator Elizabeth Warren, remains a key factor in crypto regulation's future, but investors seem focused on borrowing costs over legislation for now.

US midterm election prospects show Democrats with a 61% chance to sweep Congress, providing context for crypto market watchers. For readers following cryptocurrency trends, here is Pluang's market snapshot as of Sep 29, 2026 10:02 WIB: out of 50 major cryptocurrencies, 10 rose and 39 fell today. Notable movers include DOT (Polkadot) at Rp20.714 with a -7.63% change and 60% sell order activity, COTI at Rp232 with -7.48% change and 80% buy order activity, and SAND (The Sandbox) at Rp756 with -7.29% change and 84% buy order activity.

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