CryptoMedium•4 November 2026•
1 min read
Bitcoin Rebounds Above $78,000 After Hitting 7-Week Low
Key Facts
1Bitcoin hit a seven-week low of $75,618 before rebounding back above the $78,000 level.
2Crypto long liquidations reached $288 million within a 24-hour period.
Bitcoin hit a seven-week low of $75,618 before rebounding back above the $78,000 level. TokenPost reported that the price drop triggered $288 million in crypto long liquidations within a 24-hour period, accelerating the downward move before the recovery began.
The price action saw Bitcoin approach its 50-week simple moving average of $75,733, a level that has acted as support since mid-September. According to TokenPost, the volatility occurred as markets reacted to the November 3, 2026, U.S. midterm election results, which saw Democrats secure control of both chambers of Congress.