Prateek Gupta, Head of Business, Mudrex
“Bitcoin has moved back above USD 80,000, gaining around 3% after Democrats secured control of both chambers of the US Congress. The rebound triggered nearly USD 330 million in short liquidations within an hour. Bitcoin needs to break USD 82,000, with USD 78,000 as key support.”
CoinSwitch Markets Desk
“BTC crossed USD 81K as a broader rally across crypto and equity markets followed the US midterm elections. BTC's open interest also rose 1.61%, suggesting fresh market participation. USD 80K remains as a crucial level for sustaining bullish momentum, with USD 79K acting as the next support.”
Riya Sehgal, Research Analyst, Delta Exchange
“Bitcoin and Ethereum rebounded after the U.S. midterm results eased election uncertainty. CoinGlass reported USD 830.69 million in liquidations affecting 106,231 traders. The forced repositioning likely amplified the rebound. BTC needs to hold USD 79,000 and clear 81,700 to 82,000; ETH needs to hold USD 2,397 and break 2,440 to 2,450.”
Nischal Shetty, Founder, WazirX
“Bitcoin's recovery above USD 80,000 reflects improving risk appetite, although sustained buying will determine whether the rally holds. Total crypto market capitalization reached USD 2.69 trillion, with a trading volume of USD 94.74 billion. For Bitcoin, sustaining USD 80,000 and clearing USD 82,000 would strengthen the recovery case.”
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