Bitget Futures Market Updates: Ether Hits $3K for First Time in Nearly 2 Years Amid Rising ETH ETF Excitement

As the U.S. midterm elections approach, Wall Street is generally betting on a "divided Congress" scenario, with the Democratic Party taking back the House of Representatives and the Republican Party retaining the Senate. This is expected to limit radical policies and reduce uncertainty. Historical data shows that since 1950, when a divided Congress occurred under a Republican president, the average annual gain of U.S. stocks was 13.7%, higher than the 8.3% and 4.9% gains when either the Republican or Democratic Party controlled Congress alone. If the election results deviate from expectations, the market may still experience significant volatility.