UPDATE: Bitcoin nears $78,000 in rebound as election uncertainty fades
CIE News ·
Update to Bitcoin drops briefly to $75,700 as early midterm election returns emerge
Based on reporting by CoinDesk; not yet independently confirmed.
Bitcoin rebounded toward $78,000 on November 4, 2026, after dipping to $75,700 earlier in the day amid U.S. midterm election returns, CoinDesk reported.
Bitcoin (BTC) rebounded toward the $78,000 level as U.S. midterm election uncertainty faded, according to CoinDesk. As previously reported, the cryptocurrency briefly dropped to $75,700 earlier on November 4, 2026, amid early election returns suggesting the Democratic party might win control of both congressional chambers. CoinDesk reported that the asset is undergoing a V-shaped recovery after the initial drop rattled markets.
Key facts
- BTC near $78,000
- Earlier low of $75,700
- U.S. midterm elections