COINTELEGRAPH · 2026-11-04 15:30 UTC

Bitcoin hits $80.5K as US stocks rally on midterm election results

Bitcoin jumped above $80,500 as US stocks rallied following Democratic gains in midterm elections, with BTC up over 4% from seven-week lows. S&P 500 futures rebounded from a three-month low of 7,490 points to approach month-to-date highs, with analysts calling initial weakness a 'textbook bear trap.' WTI crude oil fell below $93 per barrel on hopes for an end to US-Iran conflict, with Iran's parliament speaker endorsing the election result as a vote against war.

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