Bitcoin Price Jumps Above $80,000: Why the Market Rose After the Midterms

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Bitcoin jumped above $80,000 although Trump and the Republicans clearly lost the midterms. Oil, Wall Street and $378 million in short liquidations explain the move. Which levels count now and what could tip the picture.Add as a preferred source on GoogleFollow on Google NewsThe Bitcoin price jumped above $80,000 on Wednesday, November 4, 2026, one day after Democrats won both chambers of the US Congress and handed Donald Trump a clear defeat. At 20:26 UTC, Bitcoin cost $80,159 according to CoinGecko, 3.2 percent more than 24 hours earlier, after an election-night low of $75,618 on Bitstamp and a day high of $81,004. The move came with a rally on Wall Street, a slide in oil on hopes for an end to the Iran war, and $378 million in short liquidations within one hour. Bitcoin above $80,000: the key points Price: first above $80,000 at 15:05 UTC, 35 minutes after the Wall Street open; CoinGecko's day high is $81,004.Drivers: WTI crude below $93 a barrel, the Dow up 1,511 points at 20...