Bitcoin surged 3.7% to over $80,000 following the Democrats' victory in the US midterm elections, which eased political uncertainty and boosted market sentiment. Falling oil prices and a weaker dollar also increased risk appetite, lifting stocks and cryptocurrencies. However, a large wave of short liquidations contributed to Bitcoin's rise, prompting some traders to caution that this rally might be a temporary bull trap rather than a sustained uptrend. The coming days will reveal if Bitcoin can maintain its gains or if it will drop back toward $75,000 as some expect.
Bitcoin trades at Rp1.460.000.000 on Pluang as of Nov 05, 2026 17:21 WIB, showing a 2.46% gain in the past day. The platform sees a strong buy interest with 69% of orders favoring purchases and a typical hold time of 113 days, indicating steady investor confidence. This trading activity complements the recent price surge noted after the US midterm elections, though some caution remains about the sustainability of the rally.
During the hour ending at 10:45 a.m. ET on November 4, Bitcoin saw $95.98 million in short positions liquidated as its price increased by 1.13%, rising from $79,393 to $80,290. Total liquidations across Binance, Bybit, and OKX exchanges reached $100....
Bitcoin surged above $80,000 driven by a short squeeze and renewed ETF inflows, while major altcoins like Ether also gained. However, Shiba Inu (SHIB) did not join the rally, facing strong selling pressure and breaking below key support levels. SHIB ...
Crypto analyst DonAlt, known for accurate Bitcoin predictions, suggests Bitcoin is set for a rally to a new all-time high following the US midterm elections where Democrats won majorities in both the House and Senate. Bitcoin's monthly chart turned p...
On November 4, Bitcoin (BTC) traded at 81,020 USDT on the Bitget exchange, marking a 4.60% increase within the day. This notable intraday gain highlights renewed investor interest and potential momentum in the digital asset market. The price movement...
Bitcoin's price climbed above the significant $80,000 threshold on Wednesday evening, reaching 80,057.80 USDT on the Bitget exchange. This move represented a 3.36% gain for the day, highlighting strong momentum in the cryptocurrency market. Crossing ...
