THE STREET · 2026-11-04 17:34 UTC

Bitcoin, XRP, crypto stocks surge after GOP loses midterm 2026

Bitcoin rose above $80,400 after Democrats won control of both House and Senate in midterm elections, recovering from a $75,618 low. XRP gained 2.3% to $1.31; crypto stocks Coinbase and Circle rose 2.7% and fell 1% respectively, while Bitcoin miners fell 20%. Crypto PACs spent $170 million on midterms but lost major bets including efforts to defeat Senator Brown in Ohio and Stratton in Illinois; crypto's top Senate backer Lummis is retiring.

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