#USMidtermsEnterFinalStretch

Before the votes are counted, the balance of power in Washington has become one of the most important political issues followed by global markets.

The November 3 midterm elections will determine which party holds the majority in the House of Representatives and the Senate. The result will affect the conditions under which budget, tax, trade, and regulatory policies proceed during the remaining two years of President Trump’s term.

The economy and cost of living are at the forefront of voters’ concerns. In an NBC poll published on November 1, 75% of respondents said they were dissatisfied with the current state of the country’s economy, while 51% said they were also dissatisfied with their own financial situation.

Why are markets watching this election?

Because if the balance of power in Congress shifts, three issues could come to the forefront:

• Budget and borrowing: Budget and debt ceiling negotiations in 2027 could be more difficult. If a deal is delayed, volatility could be seen in the bond market and the dollar.

• Technology and AI: Political dynamics could affect the scope of oversight of data centers, AI investments, and technology companies.

• Tax and trade policies: Relations between Congress and the White House will remain important for companies’ costs, investment decisions, and growth expectations.

What does this mean for the crypto market?

The election result alone is not a bullish or bearish signal for Bitcoin. However, it could affect risk appetite for crypto assets through budget policies, bond yields, the dollar’s trajectory, and global liquidity expectations.

That’s why on election night, we need to look not only at the political results, but also at US Treasury yields, the DXY, the Nasdaq, and Bitcoin’s price reaction.

For me, the real issue is not which party wins, but how the political landscape that emerges will change the economic decision-making process. That’s because markets often price in not the outcome itself, but the expectations that may change afterward.

Do you think the impact of these elections on global markets will be limited to short-term volatility, or will they also shape the economic and monetary policy agenda for 2027? $NAS100