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Risk is pumping the day after the blue sweep. $BTC is back above $80K for the first time since Oct 29. $BTC $80,305, up 6.1% from the election-night low of $75,717 at 03:05 UTC. $ETH is up 8.7% from its low, $SOL 7.0%. Stocks are in it too. Since Tuesday's close: Dow +2.5%, Nasdaq +1.6%, S&P 500 +1.4%, Russell 2000 +0.8%. The VIX is down to 17.4 from 20.9. The dollar is off 0.3%. Our read: gridlock is the trade. A Democratic Congress means less policy risk out of Washington, and crypto and stocks are rallying on it together.

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