Crypto market defies bearish expectations as Bitcoin, Ethereum and XRP rally after US elections

Bitcoin recovered above $80,000 on Nov. 4 as cryptocurrency prices rebounded following the U.S. midterm elections. The Bitcoin price climbed roughly 4% during the session, while a sharp reversal forced leveraged traders to close positions. The recovery followed several difficult sessions after the Oct. 29 Binance security breach. Market data cited by CoinEdition placed Bitcoin near $80,404, up 4.2%, after an earlier decline toward $75,695. The figures represented a Nov. 4 snapshot rather than a continuously verified quote. The rebound offered some relief after Bitcoin repeatedly traded around $76,000, but it did not erase the market’s earlier losses.