Bitcoin Recovers to $78,000 as Total Crypto Market Cap Gains 1.50%
Key Facts
Bitcoin price rose to $78,000 on November 4, 2026, recovering from its earlier 7-week low. The rebound accompanied a 1.50% increase in the total cryptocurrency market capitalization over a 24-hour period following the Democratic Party's victory in the U.S. midterm elections.
The price action marked a reversal in market sentiment after nearly $300 million in long liquidations had pressured the asset earlier. Bitcoin reached the $78,000 mark on November 4, 2026, up from the $75,618 level recorded earlier that day, as markets reacted to the election results and the 10-year U.S. Treasury yield retreated to 4.90%.
Latest Updates · 1
- Notable·
Update: Market sentiment was negatively impacted on November 4, 2026, by reports of a hack involving the Binance exchange. This development tempered the optimism following the U.S. election results and introduced fresh pressure on price action across the cryptocurrency market.