Bitcoin price recovered on November 4 after a volatile reaction to the US midterm elections. Investing.com displayed Bitcoin at 78,661.0 USD at 12:35:09 Berlin time, with a 24-hour trading volume of 28.68 billion USD and a market capitalization of 1.58 trillion USD. The page ranked Bitcoin first among the listed cryptocurrencies and showed a daily range of 75,735.7 to 78,682.6 USD.
The market backdrop changed quickly during the election count. In a report published by Yahoo Finance, citing Investing.com, Bitcoin had risen to 77,919.7 USD by 01:48 ET after recovering from a more than one-month low. The report said Democrats had won majorities in both chambers of Congress, while also noting that a Democratic-controlled Congress could create additional regulatory hurdles for the crypto industry.
ETF flows remain a pressure point
The rebound did not remove the market's demand concerns. TradingView, carrying a CNBC TV report, said US spot Bitcoin ETFs recorded net outflows of 398.6 million USD on November 2, following withdrawals of 643.2 million USD on October 30. The combined outflows exceeded 1 billion USD across those two sessions. The report also said the circulating market value of dollar-pegged stablecoins fell by 1.84% between October 27 and November 3.
TradingView identified 76,000 to 76,300 USD as an immediate support area and 78,000 USD as an important upside reference. These are market levels being monitored, not a forecast. The earlier weakness also followed a sharp risk-off move around the election count: CoinDesk reported that Bitcoin briefly fell to about 75,700 USD before buyers lifted it back toward 76,700 USD in Asian trading.
What investors should monitor
For investors, the immediate question is whether Bitcoin can hold above the support zone while ETF flows stabilize. The next scheduled macro catalyst cited by TradingView is the US October employment report on November 6. Political clarity may reduce one source of uncertainty, but the combination of fund flows, interest-rate expectations and broader risk appetite remains relevant to the Bitcoin price.
Bitcoin's Investing.com page showed a maximum supply of 21.00 million coins and circulating supply of 20.11 million at the time of retrieval. These figures describe the asset's supply framework and do not indicate a short-term price direction.
More coverage is available on the Bitcoin topic page.
