Bitcoin Fear Spikes on Democrat Sweep but $79,000 Could Flip the Script

Bitcoin (CRYPTO: BTC) sentiment has collapsed as midterm results show Democratic control of Congress, and analytics firm Santiment says a break above $79,000 could spark a sharp reversal. Why Bitcoin Sentiment Flipped So Fast Santiment Intelligence on Wednesday posted on X that Bitcoin's bullish-to-bearish comment ratio sat near 1.8 to 1 on Oct. 20, then collapsed to just 0.37 bullish comments per bearish one as the Binance hack news broke at the end of October.