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Bitcoin rebounds above $78K post-US midterms amid slower crypto legislation under new Democratic Congress.

Market News
04 Nov 2026, 16:01 WIB
Crypto news
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Neutral
Bitcoin rebounds above $78K post-US midterms amid slower crypto legislation under new Democratic Congress.

Bitcoin recovered above $78,000 after an initial drop following the US midterm elections, as markets calmed and investors reacted to a Democratic-controlled Congress. While this political shift may slow crypto regulatory progress, Bitcoin is expected to face less regulatory uncertainty than exchanges or token issuers. Market analysts emphasize that Bitcoin's near-term direction will depend more on macroeconomic factors, Federal Reserve policy, and institutional flows than on political changes. Investors now watch upcoming economic data and Federal Reserve moves to gauge Bitcoin's ability to sustain its recovery.

The crypto market outlook after the US midterms provides context with a breadth of 30 out of 50 major cryptocurrencies rising on Pluang as of Nov 04, 2026 21:23 WIB. Among these, VeChain (VET) showed strong buying interest with 99% buy orders and a price of Rp104, while Fantom (FTM) and Harmony (ONE) experienced declines of -2.05% and -1.85% respectively, with typical hold times ranging from 88 to 154 days. This snapshot offers insight into current market activity amid broader macroeconomic and regulatory considerations.

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