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After the wave 🌊

After the wave 🌊

Bitcoin bounced back above $80,000, but a Democratic Congress makes crypto’s push for new rules in Washington much harder.

Stephen Graves
November 04, 2026

📝 What you need to know

Bitcoin is back above $80,000 after Democrats swept both chambers of Congress in Tuesday’s midterms, bouncing off a six-week low as Ethereum jumped and U.S. stocks rallied alongside.

It’s not a resounding vote of confidence, though. Analysts told Decrypt the sweep was largely priced in, with the rebound reflecting how much bad news traders were already braced for.

A tougher test for the crypto industry lies ahead. It spent more than $300 million backing friendly candidates across two election cycles, yet the Clarity Act, already stalled after a failed Senate vote in September, now faces a Democratic Congress wary of Trump’s crypto ventures. The election shook up tech, too, with software giants Microsoft and Alphabet surging while Nvidia and Tesla slid.

Bitcoin Rebounds After Democratic Midterm Sweep, But Crypto Faces Tougher Fight in Washington

Bitcoin bounced back after Democrats won control of Congress, but the crypto market is now exposed to shifting U.S. political power.

📰 In the News

Tech, AI Stocks Split After Democratic Sweep: Microsoft Jumps, Tesla and Nvidia Tank

Microsoft and Alphabet surged while Nvidia and Tesla fell, highlighting a divided market as investors react to a Democratic sweep.

Wall Street’s Plumbing Goes Onchain as Morgan Stanley Tokenizes Securities

Morgan Stanley has started moving U.S. stocks and Treasuries onto blockchain rails, using Wall Street’s own plumbing to do it.

USDC Issuer Circle Quietly Cuts 5% of Staff in Profitable Quarter

The USDC issuer disclosed the cuts in its earnings release, booking $9.1 million in restructuring costs as reserve income fell 8%.

Bitcoin (BTC)

November 4, 2026

$80,530

▲ 3.5% (24h)

View live price

📊 Predict Insight of the Day

Myriad prediction market

November 4, 2026

How high will Bitcoin go in November?

Peak BTC price by November 30

	$80K–$85K	43%
	$85K–$90K	32%
	$90K–$95K	16%
	$95K or higher	9%

Already reached: $80,000

Why it matters

Bitcoin bounced back above $80,000 after Democrats swept both chambers of Congress, though analysts said the result was largely priced in and stocks rallied too. Traders now give BTC 57% odds of touching $85,000 this month and 25% on $90,000. A $100,000 peak sits at 3%. Crypto's legislative push looks harder: the Clarity Act, already stalled in the Senate, has just 3% odds of becoming law this year.

Trade on Myriad

🕵🏻‍♀️ Editor’s Picks

Crédit Mutuel Arkéa Confirms Cyberattack After ZachXBT Ties It to $133M Crypto Theft

The French bank said the attack allowed "fraudulent operations" but did not mention crypto, and is still assessing the amounts.

Judge Orders Bitcoin Wallet Returned to Family of Convicted Canadian Killer

A Nova Scotia judge found prosecutors failed to link William Sandeson's Bitcoin to the 2015 murder of fellow student Taylor Samson.

OpenAI Wants to Rebrand AI Data Centers, Use Them to 'Protect the Grid'

ChatGPT maker OpenAI says future facilities could ease pressure on power grids by cutting demand during emergencies.

📚 Watch & Learn

📹 WATCH: Binance Hack Details, Midterms, US Equity Perps Approved and ETF Exodus.

🎓 LEARN: What Is x402? How AI Agents Pay With Crypto

Coinbase's x402 protocol puts the web's long-unused 402 code to work so AI agents and apps can pay for APIs and data in stablecoins like USDC.

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