November 5, 20261 min read0 views

Bitcoin Rebounds Above $80,000 as Dow Gains 1,547 Points

Bitcoin (BTC) climbed above $80,000 as U.S. stocks rallied in the first trading session after Democrats won both chambers of Congress, extending a broad post-election rebound across markets.

At 11:54 a.m. ET Wednesday, Nov. 4, Bitcoin traded around $80,600, up about 3.7%, after reaching an intraday high near $81,100. It had fallen to about $75,600 during election-night vote…

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Bitcoin (BTC) climbed above $80,000 as U.S. stocks rallied in the first trading session after Democrats won both chambers of Congress, extending a broad post-election rebound across markets.

At 11:54 a.m. ET Wednesday, Nov. 4, Bitcoin traded around $80,600, up about 3.7%, after reaching an intraday high near $81,100. It had fallen to about $75,600 during election-night vote counting before recovering roughly 6.6% from that low.

The Dow Jones Industrial Average added 1,547 points, or 2.99%, to 53,333.50. The S&P 500 rose 1.87% to 7,710.41, while the Nasdaq Composite gained 2.15%. Gold futures climbed 3.3% to $4,070.40 an ounce.

Crypto-related stocks advanced: Strategy rose 6.8%, while Coinbase gained 4.8%. The TRUMP token fell about 7.1%, and World Liberty Financial’s WLFI token declined about 5%.

U.S. stock futures had fallen about 1.4% on election night but recovered their losses before Wednesday’s regular session. The VIX volatility index fell about 18% to 17.07 during the rally.