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Bitcoin jumps past $81K after US midterms but analysts warn of a potential price trap.

Market News
04 Nov 2026, 19:39 WIB
Bitcoin
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Neutral
Bitcoin jumps past $81K after US midterms but analysts warn of a potential price trap.

Bitcoin surged over 4% to exceed $81,000 following the US midterm elections, despite a political shift that may bring tougher crypto regulations. The rally wiped out nearly $951 million in crypto liquidations, mostly from short positions. Analysts caution that the bounce is driven by leveraged trades rather than new spot buyers, with ETF outflows continuing and market focus shifting to inflation data and Federal Reserve policy. Investors should watch for potential price drops if support levels fail.

Bitcoin price action after the US midterm elections provides context for crypto markets. For readers following major cryptocurrencies on Pluang, here is the market snapshot as of Nov 05, 2026 00:31 WIB: out of 50 major cryptocurrencies, 45 rose and 4 fell today. Notable gainers include THETA with a 4.43% increase to Rp2.851, UNI up 4.33% to Rp138.430, and GRT rising 4.23% to Rp375.

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