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Bitcoin

Bitcoin Climbs Back Above $80,000 as Democrats Win Congress

Bitcoin has climbed back above $80,000 after Democrats won control of both the House and the Senate in the US midterm elections. The price briefly fell to a six-week low as results came in, t

AnonymousCryptoCompass newsroom
November 4, 2026
1 min read
NEWS
Bitcoin Climbs Back Above $80,000 as Democrats Win Congress
CryptoCompass editorial visual for bitcoin coverage.

Bitcoin has climbed back above $80,000 after Democrats won control of both the House and the Senate in the US midterm elections.

The price briefly fell to a six-week low as results came in, then bounced to around $78,350 early on Wednesday, 4 November. It later moved back above $80,000, taking it above its 50-day average price. Ether rose about 7% to around $2,434, and nearly every one of the top 100 tokens by market value was up on the day.

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