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Bitcoin rebounds above $77K amid U.S. midterm election uncertainty and ETF outflows.

Market News
04 Nov 2026, 08:35 WIB
Crypto news
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Neutral
Bitcoin rebounds above $77K amid U.S. midterm election uncertainty and ETF outflows.

Bitcoin price recovered to around $77,600 after briefly dropping near $75,700 during the U.S. midterm elections, which saw Democrats projected to control both Congress chambers. This raised concerns about cryptocurrency regulation, especially the stalled CLARITY Act. Despite the price rebound, Bitcoin sentiment weakened with bearish commentary rising and U.S. spot Bitcoin ETFs experiencing significant net outflows. Analysts watch key support near $75,500–76,500 and resistance around $78,000–80,000, with mixed signals on whether Bitcoin can sustain gains or face further corrections.

Bitcoin price movements around the U.S. midterm elections provide context for cryptocurrency trends. For readers following digital assets, here is Pluang's market snapshot as of Nov 04, 2026 13:21 WIB: Of 50 major cryptocurrencies priced on Pluang, 40 rose and 9 fell today. Notable performers include AVAX at Rp155.615 with a 3.56% gain and a typical hold time of 88 days, ENJ at Rp437 with a 2.94% rise but 100% sell order activity, and AAVE at Rp2.343.303 up 2.86% with a near-even sell/buy split.

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