Bitcoin traded at $80,640, extending a rebound above $80,000 after losses linked to a hack valued at $6.3 billion, while Ethereum moved beyond $2,400 and spot Gold held around $4,045 after retaking $4,000. In US politics, Democrats are set to control both chambers from January, flipping seven Senate seats— Iowa, Kansas, Maine, North Carolina, Ohio, South Carolina and Texas— and are projected to win 258 House seats versus the 218 needed. They also flipped gubernatorial races in Texas, Nevada, Ohio, Georgia and Iowa, with elevated Oil and energy prices cited as a backdrop. The CLARITY Act, previously blocked in the Senate, may face further obstacles if reintroduced.
Technical Analysis Of Major Assets
Technically, Bitcoin is holding above the 200-day and 100-day EMAs at $76,533 and $77,849, and is hovering over the 50-day EMA at $80,153; RSI is 51 and MACD remains below zero, while resistance is flagged at the SuperTrend level of $82,920. Gold remains below the 50-day EMA at $4,160, the 100-day at $4,240 and the 200-day at $4,264, with the SuperTrend at $4,163; RSI is near 47 and MACD is still negative. Further caps sit near $4,299, while support is seen around $3,947.
