Bitcoin and Nasdaq futures retreat as early counts favor Democrats
CoinDesk reports Bitcoin briefly fell below 76,000 dollars, hitting its lowest level since September 15 and down nearly 1.5 percent since midnight UTC, as early midterm counts showed Democrats ahead in both chambers. Nasdaq futures traded lower by over 2 percent at 27,700 points, the lowest since July 31, in what analysts described as a risk-off move on the election results.
Bitcoin briefly traded below 76,000 dollars as early midterm election counts put Democrats ahead in both chambers, according to CoinDesk. The cryptocurrency reached its lowest level since September 15.
CoinDesk’s report, published Nov 3, 2026 at 11:45 PM ET, placed Bitcoin’s decline since midnight UTC at nearly 1.5 percent. The reported lead reflected early counting, not a final election outcome.
Selling extends to Nasdaq futures
Nasdaq futures were down over 2 percent at 27,700 points, their lowest level since July 31, according to CoinDesk. The decline accompanied Bitcoin’s retreat as election results emerged.
Analysts described the moves as a risk-off response to the election results, CoinDesk reported. That interpretation links the selling to the developing political picture, but the supplied report does not establish that the early leads will translate into control of either chamber.
What it means for prediction markets
- Early leads are not settled outcomes: Democrats were ahead in both chambers in the initial counts; the report does not provide final results.
- Cross-asset moves offer context: Bitcoin and Nasdaq futures both fell, consistent with the risk-off interpretation attributed to analysts, rather than a move confined to cryptocurrency.
- Prices do not supply election probabilities: The report includes neither prediction-market odds nor detailed vote counts, limiting conclusions about how contracts on chamber control should reflect the developments.
Sources & attribution
- Published
- Source
- CoinDeskcoindesk.com
- Publisher
- https://www.coindesk.com
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- The feed did not publish this story's article address.
Full attribution under the Digital Millennium Copyright Act (DMCA), 17 U.S.C. § 512: this article is an original report by Infiniti Intelligence that summarizes the reporting of the publishers named above, links to their original work, and reproduces no protected expression beyond brief factual reference and in-line attribution (“according to CoinDesk”). All rights in the underlying reporting remain with the publishers listed; nothing here implies endorsement by or affiliation with them. Rights holders may request correction, update or removal through the contact address published at infiniti.w3ai.io.
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