Bitcoin edged lower as bets on a possible Democratic sweep of Congress gained traction, adding political uncertainty to a market already struggling with fragile investor appetite.
The original cryptocurrency slipped as much as 1.6% in Asia Wednesday and was trading around $76,600 as of 10:30 a.m. in Singapore. The modest move followed declines in US stock futures and the dollar, while Treasuries gained, reflecting expectations that Democratic control of Congress could lead to gridlock in Washington.
