According to Woofun AI, the U.S. midterm elections have concluded, significantly easing political uncertainty and directly driving a broad rebound in the cryptocurrency market on November 4. Bitcoin (BTC) prices surged back above the $80,000 mark, signaling that selling pressure triggered by macroeconomic anxiety has been absorbed in this phase, with market sentiment rapidly shifting from defensive to offensive. This turning point not only reflects investors repricing policy stability but also signals a renewed strengthening of the correlation between crypto assets and traditional financial markets, setting the tone for future price action.
In terms of asset price performance, Bitcoin (BTC) closed at $80,360.00 at 5:11 PM Eastern Time on November 4, up $2,603.25 for the day, a gain of +3.35%. Previously, under sustained selling pressure, BTC had dropped to a low of $75,700, but buying interest subsequently poured in, pushing the price back above the psychological $80,000 threshold. The daily trading range was highly volatile, surging from a low of $75,695.00 to a high of $81,004.00, with trading volume reaching $39.9 billion, indicating extremely high market activity. Looking back at the 52-week price range, BTC has oscillated between $57,945.16 and $107,357.31, and the current price has moved away from the bottom zone.
Meanwhile, Ethereum (ETH) performed even more impressively, closing at $2,421.50 with a gain of +6.58%, successfully breaking through the $2,400 level and hitting a two-week high. Solana (SOL) also followed suit, closing at $94.94, up +2.19%, with a weekly gain of +1.42%. Data compiled by Woofun AI shows positive signals in cryptocurrency ETF fund flows, with iShares Bitcoin Trust ETF (IBIT.US) up +2.91%, Fidelity Wise Origin Bitcoin Fund (FBTC.US) up +2.84% (the original text also mentions +2.87%), and iShares Ethereum Trust ETF (ETHA.US) surging +5.72%. Previously, the Bitcoin spot ETF (IBIT.US) experienced over $1 billion in outflows, and if this rebound is accompanied by sustained inflows, it would confirm a market recovery trend. Currently, BTC's market capitalization stands at $1.62 trillion.
Regulatory policy expectations have become one of the core macroeconomic drivers behind this rebound. The Democratic Party's overwhelming victory in the U.S. Congress has brought new policy variables to the crypto industry. According to reports, Democratic lawmakers are considering amending the currently stalled CLARITY Act, a move that could expand the power of the U.S. Securities and Exchange Commission (SEC), strengthen investor protection, and impose more restrictions on government officials' cryptocurrency activities. Although legislative discussions are still at an early stage, the restart is expected to eliminate the regulatory uncertainty that has long plagued the industry and lay the foundation for a clearer regulatory framework before 2027.
From a macroeconomic perspective, falling oil prices and declining U.S. Treasury bond yields have jointly boosted the market's risk appetite, and changes in interest rate expectations have further propelled the synchronized rise of crypto assets and traditional financial markets. In the short term, investors are closely watching whether BTC can firmly hold the $80,000 support level and break through the $82,000 resistance level, which will be a key signal for the recovery of buying sentiment. However, uncertainties in the macroeconomic environment persist, and investors need to be wary of further volatility risks.
The performance of the top ten cryptocurrencies across the market shows divergence, with data as of 21:17 UTC on November 4, 2026, ranked by market capitalization. Tether (USDT) traded at $0.9993, with a 24-hour change of +0.0% and a 7-day change of -0.0%; Binance Coin (BNB) traded at $717.76, with a 24-hour change of +2.6% and a 7-day change of -5.2%; Ripple (XRP) traded at $1.30, with a 24-hour change of +1.7% and a 7-day change of -2.5%; USDC (USDC) traded at $0.9997, with a 24-hour change of +0.0% and a 7-day change of +0.0%; Tron (TRX) traded at $0.3196, with a 24-hour change of -1.1% and a 7-day change of -3.0%; Figure Heloc (FIGR_HELOC) traded at $1.03, with a 24-hour change of -1.1% and a 7-day change of -0.5%; Zcash (ZEC) traded at $1,292.28, with a 24-hour change of +5.0% and a 7-day change of -0.7%. It is worth noting that although mainstream coins generally rose, some coins such as BNB and TRX still recorded negative returns on a weekly basis, reflecting the complexity of the market's internal structure. As a new regulatory landscape awaits, the interplay between capital flows and policy implementation will become a key variable for the next phase of market action, and investors need to closely track ETF fund dynamics and legislative progress to cope with potential market volatility.
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