Bitcoin Price Jumps Above $80,000: Why the Market Rose After the Midterms

The Bitcoin price jumped above $80,000 on Wednesday, November 4, 2026, one day after Democrats won both chambers of the US Congress and handed Donald Trump a clear defeat. At 20:26 UTC, Bitcoin cost $80,159 according to CoinGecko, 3.2 percent more than 24 hours earlier, after an election-night low of $75,618 on Bitstamp and a day high of $81,004. The move came with a rally on Wall Street, a slide in oil on hopes for an end to the Iran war, and $378 million in short liquidations within one hour.