Bitcoin Rebounds Above $80,000 After Midterm Volatility
2 min read
Key Takeaways
- Bitcoin recovered from its election-period low towards $80,361.
- Ethereum reclaimed the $2,400 level.
- U.S. spot Bitcoin ETFs recorded positive net inflows on November 4.
- Short liquidations contributed to the market’s upward movement.
- The recovery coincided with gains across traditional financial markets. The Dow Jones Industrial Average rose 3.03%, while the S&P 500 advanced 1.58% and the Nasdaq Composite gained 1.44% following the US midterm elections. These movements provided a broader positive backdrop for cryptocurrency prices.
- Data from centralised derivatives platforms showed approximately $950 million to $975 million in cryptocurrency liquidations over 24 hours. Forced closures of short positions accounted for roughly $560 million, contributing to buying pressure as bearish positions were closed.
The global cryptocurrency market rebounded on November 5, 2026, as Bitcoin approached $80,361 after falling to approximately $75,600 during US midterm election volatility. Ethereum also recovered, trading at $2,417, according to KuCoin News Global Market Intelligence and The Economic Times.
Bitcoin ETF Flows
U.S. spot Bitcoin ETFs recorded $74.6 million in net inflows on November 4, reversing a three-session outflow streak during which the funds lost $1.16 billion between October 30 and November 3.
However, ETF demand remained under pressure. Net outflows across spot investment vehicles totalled $439.6 million during November’s first four trading sessions, indicating that the latest positive daily reading had not yet reversed the broader monthly trend.
The recovery therefore leaves the market facing a key question: whether renewed ETF demand can continue beyond a single positive trading session.
Live Bitcoin chart
Data: CoinGecko. Prices in USD.
