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Bitcoin rebounds above $80K after midterm dip below $76K

Market News
05 Nov 2026, 16:01 WIB
Crypto Economy
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Bullish
Bitcoin rebounds above $80K after midterm dip below $76K

Bitcoin's price recovered strongly after the U.S. midterm elections, climbing back above the $80,000 mark after briefly dropping below $76,000. According to CoinMarketCap, Bitcoin was trading near $80,490 with a 24-hour high reaching around $81,080. This rebound indicates renewed investor confidence following the political event, suggesting potential stability or growth in the near term for the cryptocurrency market.

American Bitcoin's Q3 profit news comes as a backdrop to Pluang's cryptocurrency market snapshot. As of Nov 05, 2026 20:44 WIB, 35 of 50 major cryptocurrencies rose while 13 fell. Bitcoin Cash (BCH) gained 4.89% to Rp5.215.552 with a typical hold time of 69 days, while Zilliqa (ZIL) dropped 4.80% to Rp31, and PancakeSwap (CAKE) rose 4.31% to Rp36.015.

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