UPDATE: Bitcoin rises 3.5% to $80,500 and Ether climbs 6% as Democrats win Congress
CIE News ·
Update to Bitcoin and stocks rebound after election plunge, CoinDesk reports
Based on reporting by The Block; not yet independently confirmed.
Bitcoin climbed 3.5% to $80,500 and Ether rose 6% after the Democratic party won control of Congress in the US midterms, extending a market rebound on November 4, 2026.
Bitcoin (BTC) rose 3.5% to reach $80,500 and Ether (ETH) jumped 6% following the Democratic party winning control of Congress in the US midterm elections, according to reports from CoinDesk and The Block. As previously reported, crypto and stock markets began reversing an overnight plunge on November 4, 2026, amid the Blue Wave election results. While broader markets recovered, AI data center equities dropped during the session following victories by candidates who campaigned against the sector.
Key facts
- BTC rose 3.5% to $80,500
- ETH jumped 6%
- Democrats win Congress
- AI data center stocks fell
Read the original at The Block