Bitcoin Reclaims $80,000 and $300 Million in Short Bets Go Up in Smoke

Bitcoin spent Tuesday night falling and Wednesday getting even. The largest cryptocurrency dropped to about $75,600 in the early hours of Wednesday as midterm election results showed Democrats winning control of both chambers of Congress, and by the early evening it had climbed all the way back above $80,000, briefly topping $81,000 along the way. The swing turned o...