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Bitcoin rebounds above $78,000 post-US midterms amid easing election fears and weaker dollar.

Market News
04 Nov 2026, 15:53 WIB
Altcoin Buzz
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Bullish
Bitcoin rebounds above $78,000 post-US midterms amid easing election fears and weaker dollar.

Bitcoin recovered above $78,000 after briefly dropping below $76,000 due to initial election uncertainty following the US midterms where Democrats took control of Congress. The rebound was supported by a weaker US dollar and improved market sentiment, helping risk assets like cryptocurrencies. Ethereum also showed technical strength against Bitcoin, though both assets face resistance levels ahead. Despite price gains, institutional demand remains weak as Ethereum and Bitcoin ETFs continued to see net outflows. The market's ability to sustain this recovery depends on ongoing buying interest and ETF inflows.

As of Nov 04, 2026 21:23 WIB, Bitcoin trades on Pluang at Rp1.425.223.200 with a 1-day gain of 1.56%, while Ethereum is priced at Rp42.144.489, up 1.81% in the same period. Pluang order activity shows a stronger buying interest for both assets, with 58% buy orders for Bitcoin and 61% for Ethereum. The typical hold time on Pluang is around 112 days for Bitcoin and 108 days for Ethereum, indicating steady investor engagement.

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