Trader suffers eight liquidations as panic selling grips markets

The Democratic sweep of the midterms is the direct cause of the $1 billion crypto liquidation bloodbath. While markets briefly rallied, the reality of a Democratic-controlled Congress stalling the CLARITY Act has sent Bitcoin and stocks like Coinbase into a tailspin. One trader even lost $15.6 million in a single day. Is the crypto industry's growth fundamentally incompatible with Democratic leadership, or is the market overreacting to political shifts?
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