Democrats take US Senate as Bitcoin rebounds, gold price jumps to $3,974

The Democratic Party secured control of the US Senate after the midterm elections held on November 3. As vote counts continued into the next day, major news organizations projected Democrats would also gain a majority in the House of Representatives, with NBC News expressing confidence and Associated Press reporting that the final tally was still underway. Democrats needed to win four additional seats to gain a Senate majority. According to the Associated Press, the party flipped six Republican seats in Texas, Kansas, South Carolina, North Carolina, Ohio, and Iowa. Axios reported an additional gain in Maine after the Republican incumbent Susan Collins conceded defeat to Democratic challenger Troy Jackson, bringing the total to at least seven Republican losses.

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