Key facts
- Bitcoin's short-term holder cost basis is around $73,000.
- Democrats need a net gain of four seats to win the House of Representatives.
- All 435 House seats and 35 Senate seats are up for election on November 3.
Bitcoin faces a potential crash risk to $73,000 as the US midterm elections approach on November 3, according to crypto analyst Ali Martinez. He noted a historical pattern of Bitcoin declines during previous midterm cycles. Meanwhile, Democrats are aiming to secure a net gain of four seats to take control of the House of Representatives from the Republicans, a move that could challenge President Donald Trump's legislative agenda.