Cryptocurrencies slide to two-month lows after US midterms


FILE PHOTO: Representation of cryptocurrencies are seen in this illustration taken September 10, 2025. REUTERS/Dado Ruvic/Illustration/File Photo

SYDNEY, Nov ⁠9 (Reuters) - 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 US Congress ⁠will ‌toughen regulation on the asset class.

Bitcoin, ⁠the oldest and largest cryptocurrency ​by ‌market capitalisation, 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.

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 US midterms.

(Reporting ​by Tom Westbrook; Editing by Nia Williams)

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