Bitcoin Rebounds Above $80,000 as Crypto Markets Recover…
By Karthik Subramanian
AI summary of the source article
Bitcoin rebounded above $80,000 on November 4, 2026, recovering from an intraday drop to approximately $75,600. The rebound was amplified by roughly $975 million in 24-hour cryptocurrency liquidations alongside preliminary US spot Bitcoin ETF inflows of $35.1 million.
Why it matters
Democratic control of Congress may complicate efforts to advance legislation granting the Commodity Futures Trading Commission broader authority over digital asset markets.
Key facts
- Bitcoin rose as much as 4.2% on November 4, 2026, trading between $80,000 and $80,500 after earlier hitting approximately $75,600.
- Around $975 million in leveraged cryptocurrency positions were liquidated over 24 hours, with short positions accounting for roughly $576 million.
- US spot Bitcoin ETFs logged preliminary net inflows of approximately $35.1 million on November 4, following net outflows of $115.6 million on November 3.
Source excerpt · FinanceFeeds
Bitcoin rebounded above $80,000 on November 4, 2026, reversing a sharp selloff triggered by uncertainty surrounding the US midterm elections and renewed pressure across cryptocurrency markets. The world's largest cryptocurrency climbed as much as 4.2% during Wednesday's session, briefly exceeding $81,000 after falling to approximately $75,600 earlier in the day. Bitcoin subsequently traded around…