• #Binance98PercentReplenished #USMidterms-WhatAreMarketsExpecting? Bitcoin broke the $80,000 barrier during the session, printing an intraday high of $81,000 before settling around $78,297.

• Liquidations across the global crypto derivatives market exceeded $950 million in 24 hours, with more than $560 million stemming from short positions.

• The asset’s total market capitalization stood at around $1.58 trillion, with a reported 24-hour trading volume of $31.67 billion.

The bullish momentum across the crypto market consolidated this Wednesday, November 4, with Bitcoin breaking $80,000 after early returns from the U.S. midterm elections emerged, reversing the previous drop toward $75,618.

The trading session across the crypto market saw sharp volatility tied to the resolution of the U.S. political landscape. During the early hours of the vote count, the price of Bitcoin pulled back to hit a local floor of $75,618. Buy orders subsequently drove a recovery exceeding 3.7% in 24 hours, pushing the valuation above the psychological $80,000 mark and setting a temporary peak of $81,000.