Bitcoin Dips to $75,600 on Election Night, Then Recovers as ETF Funds Log a Third Outflow

Bitcoin fell to $75,600 on election night and rebounded above $78,000 as US spot ETFs logged a third straight day of outflows, about $1.16 billion for Bitcoin funds since October 30. Bitcoin dropped to $75,600.64 on Coinbase early on Wednesday as Democrats won control of Congress, then recovered above $78,000 within about two hours. It was $77,933 at 07:13 UTC, up 1.6% from the 24-hour open of $76,679. Ether was $2,297 in the same window, up 1.9% from $2,254, after trading between $2,223 and $2,305. US spot Bitcoin and Ether funds both recorded outflows again on Tuesday.