Crypto Rebounds After the US Midterms: BTC Back Above $80K
Bitcoin is back above $80K after hitting a six-week low near $76.4K earlier this week. Total crypto market cap is about $2.69T (+2.6%), and volume jumped about 36% to $92.6B. Roughly 93% of tracked coins are green.
24H (as of ~06:00 UTC):
• $BTC ~$80,440 (+3.5%)
• $ETH ~$2,418 (+5.6%), outperforming BTC
• $BNB ~$713 (+2%)
• $SOL ~$95.6 (+4%)
Why it may be moving: the market is reacting to the Democratic sweep of both the House and Senate. One view is that the result removes election uncertainty and lifts risk appetite. Another is that it cools hopes for crypto bills like the Clarity Act. Both are readings of the market, not a confirmed cause.
ETF flows (Nov 4): US spot BTC ETFs +$74.6M net, with FBTC +$237M offsetting IBIT −$201M. Spot ETH ETFs +$53M.
What to watch: whether BTC holds $80K, whether ETH keeps leading, and the next ETF flow prints.
Bitcoin is back above $80K after hitting a six-week low near $76.4K earlier this week. Total crypto market cap is about $2.69T (+2.6%), and volume jumped about 36% to $92.6B. Roughly 93% of tracked coins are green.
24H (as of ~06:00 UTC):
• $BTC ~$80,440 (+3.5%)
• $ETH ~$2,418 (+5.6%), outperforming BTC
• $BNB ~$713 (+2%)
• $SOL ~$95.6 (+4%)
Why it may be moving: the market is reacting to the Democratic sweep of both the House and Senate. One view is that the result removes election uncertainty and lifts risk appetite. Another is that it cools hopes for crypto bills like the Clarity Act. Both are readings of the market, not a confirmed cause.
ETF flows (Nov 4): US spot BTC ETFs +$74.6M net, with FBTC +$237M offsetting IBIT −$201M. Spot ETH ETFs +$53M.
What to watch: whether BTC holds $80K, whether ETH keeps leading, and the next ETF flow prints.