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Bitcoin rebounds to $78K as US Democrats win midterms, while stocks and dollar face pressure.

04 Nov 2026, 11:52 WIB
Dailycoin
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Neutral
Bitcoin rebounds to $78K as US Democrats win midterms, while stocks and dollar face pressure.

Bitcoin quickly recovered to around $78,000 after briefly dipping to $75,700 following the US midterm elections where Democrats gained control of Congress. This political shift caused initial volatility in Asian and US stock markets, with tech shares and the dollar weakening. Despite ongoing outflows from Bitcoin ETFs, the market is adjusting to expectations of gridlock and regulatory scrutiny rather than major policy changes. Analysts anticipate continued volatility but no fundamental market overhaul, with earnings and economic growth remaining key factors.

The US midterm elections and Bitcoin's rebound to $78K provide context for Pluang's market snapshot as of Nov 04, 2026 17:01 WIB: Among 50 major cryptocurrencies, 42 rose and 6 fell today. CAKE gained 4.78% to Rp34.591 with a typical hold time of 75 days and a buy-dominant order activity of 64%, contrasting with ENJ's 4.49% rise to Rp443 but 100% sell order activity and a longer hold time of 106 days. UNI showed a 4.50% increase to Rp135.491 with a more balanced sell/buy split of 55%/45%.

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