Bitcoin Tumbles to $75,700 Amid Fears of Democratic Sweep

Bitcoin's price plummeted to $75,700 in early morning trading, a decline of over 2% in a matter of hours. This sudden drop is likely linked to the early US midterm election results, which are pointing to a Democratic sweep of both chambers of Congress. Stock futures and the US dollar also experienced a sharp decline, while Treasury yields fell as investors took to safe-haven assets. The sudden market volatility is a reminder of the impact that US politics can have on global financial markets.