Bitcoin price slips below $77K – Why post-election BTC crash fears persist

The voters have spoken. Now, the focus shifts to how investors react. The chances of Democrats winning have already increased to 99%, and today's outcome has seen them sweep both houses of Congress (Senate and House of Representatives). The question now is whether this shift brings some certainty to the market and allows Bitcoin to recover, or will it add another layer of volatility. According to the latest Santiment data, Bitcoin retail sentiment has become increasingly bearish after the election results. The chart below shows that there are now only 0.51 bullish comments for every bearish comment. With many traders viewing the Republicans as more crypto-friendly, the Democratic sweep has added another layer of uncertainty to an already weak market structure.

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