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VanEck says bitcoin OK even if U.S. Democrats return; altcoins at risk

Bitcoin may not necessarily face headwinds even if the Democratic Party returns to power in the United States, an analysis said. VanEck digital asset research head Matthew Sigel said bitcoin could remain resilient under Democrats and should be viewed separately from broader crypto regulation. He said the bigger risk would be for other cryptocurrencies such as altcoins. Bitcoin has risen about 24 percent over the past seven days and was last around $78,438.