Bitcoin recovered above USD 80,000 after falling near USD 75,700 during the November 3 midterm elections. The rebound followed Democratic victories in both congressional chambers and a recovery across U.S. equities.
Farside Investors recorded USD 74.6 million in net Bitcoin ETF inflows on November 4, ending three consecutive sessions of withdrawals. Fidelity's FBTC attracted USD 236.7 million, while BlackRock's IBIT recorded USD 201.2 million in outflows.
Ethereum ETFs also attracted approximately USD 53 million, while Ether traded above USD 2,400. The inflows accompanied Bitcoin's recovery after the elections, although fund flows alone do not establish the cause of individual altcoin gains.
Glassnode wrote that Bitcoin outperformed the S&P 500 in 50% of the previous 90 U.S. trading sessions. “The win rate has not been above 50% since March 2025,” Glassnode stated.
The reading came as investors assessed the post-midterm cryptocurrency market outlook and whether the recent recovery could continue.
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