Bitcoin, Ether hit two-month lows as US political shift fuels crypto sell-off

CRYPTOCURRENCIES fell sharply in late Sunday trading, with Bitcoin and Ether hitting their lowest levels in more than two months as investors grew concerned that a Democratic Party-controlled US Congress could tighten regulation of the digital asset sector.

Reuters cited that Bitcoin, the world's largest cryptocurrency by market capitalisation, fell more than two per cent to US$73,708, its lowest level since August.

Ether, the second-largest cryptocurrency, dropped about five per cent to US$2,223, also marking its lowest level since August.

Crypto markets have come under pressure in recent trading sessions following a US$6 billion heist at Binance, the world's largest cryptocurrency exchange, and the election of prominent cryptocurrency critics in last week's US midterm elections. - November 9, 2026