Cryptocurrencies slide to two-month lows after US midterms

By Reuters November 9, 2026 | 07:29 am PT

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Cryptocurrencies fell sharply in late Sunday trade, with bitcoin and ‌ether touching their lowest levels for more than two months, as investors fretted a Democratic Party-controlled ⁠U.S. Congress will toughen regulation on the asset class.

Bitcoin, the oldest and largest cryptocurrency by market capitalization, fell by more than 2% to $73,708, the lowest price since ‌August. ⁠Ether fell about 5% to $2,223, also the lowest since August.

An illustration of Bitcoin. Photo by Unsplash/Michael Förtsch

Crypto markets have been shaken ⁠in recent sessions by a $6 billion heist at Binance, the ⁠world's biggest exchange, and the election to office ⁠of high-profile critics in last week's U.S. midterms.

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