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Bitcoin and ether fell to multi-month lows as investors priced in tighter crypto oversight under a Democratic-controlled Congress. The market also remains under pressure after Binance's $6B hack.

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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Bitcoin and Ether fell to their lowest levels in more than two months in late Sunday trading,
00:08as investors worried a Democratic-controlled U.S. Congress would tighten cryptocurrency
00:12regulations, according to Reuters. Bitcoin dropped more than 2% to $73,708,
00:20its lowest level since August. Ether fell about 5% to $2,223, also its lowest level since August.
00:29Cryptocurrency markets have faced additional pressure in recent sessions,
00:33following a $6 billion heist at Binance, the world's largest cryptocurrency exchange.
00:39The declines also followed last week's U.S. midterm elections,
00:43which brought high-profile cryptocurrency critics into office.
00:46For all things money, visit Benzinga.com.
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