Bitcoin after the US midterms: Can the recovery outlast ETF selling?

Bitcoin has bounced after a volatile election night, but fund withdrawals started before Americans finished voting. The next stage of the recovery will depend on whether demand returns as investors reassess Congress, interest rates and exchange risk. Bitcoin recovered towards $77,900 after a November 4 trading range extending down to approximately $75,700. Farside’s rounded data recorded $643.2 million of US spot Bitcoin ETF withdrawals on October 30. The funds lost another $398.6 million on November 2 and $115.6 million on November 3. The Federal Reserve held its policy range at 3.75%–4% on October 28.