Crypto market rebounds 4% after US midterm election results
ITF Team3 min read
The crypto market rose 4% to $2.63 trillion on Nov 4, 2026, as Bitcoin held $75.7K support; a break above $82K is needed to confirm a reversal.
Key takeaways
- The total crypto market capitalisation climbed to $2.63 trillion on 11/4/2026, up 4% from its low at the start of Asian trading.
- Bitcoin found support at $75.7 K on 11/4/2026 after a daily low, but a sustained reversal requires a move above $82 K.
- Stablecoin market cap fell to $263 billion, the lowest level in more than a year, as of 11/4/2026.
- Active addresses on the XRP Ledger rose 132% over the past month, according to Santiment data released on 11/4/2026.
The cryptocurrency market jumped 4% to $2.63 trillion on November 4, 2026, following the release of US midterm election results. Bitcoin steadied at the $75.7 K support zone, while analysts say a clear reversal will only be confirmed if the price climbs past $82 K.
Market‑wide rally driven by election‑related risk appetite
The surge mirrors the pattern seen after US presidential elections in 2020 and 2024, when uncertainty gave way to a steady climb in crypto assets. The market moved from a low of $2.54 trillion at the start of Asian trading to $2.63 trillion, a 2.3% gain over the previous day. The rally suggests investors are less worried about a Democratic administration and more concerned about lingering uncertainty.
Equity markets rallied as the dollar weakened, providing a risk‑on environment that benefitted risk‑ier assets such as Bitcoin and Ethereum. The broader crypto market’s 4% gain is notable because it occurred without fresh capital inflows; stablecoin supply actually slipped to $263 billion, its lowest point in over a year.
Bitcoin’s technical picture: support tested, upside still uncertain
Bitcoin fell to a daily low of $75.7 K on November 4, finding support at the same level that halted a decline in mid‑September. That area coincides with the 200‑day moving average and recent local lows, creating a defensive cushion that prevented a slide into the $73‑$75 K band.
After the bounce, Bitcoin rose roughly 4% from the low, but the price remains below the $82 K threshold. The $82 K level aligns with the 50‑day moving average and the most recent local high, making it a key resistance point. Traders will watch for a decisive break above this zone to validate a longer‑term reversal.
Read also: Democrats midterm victory drives dollar slide and gold rally in market overview
Other major tokens and sector dynamics
Ethereum advanced 3.8% to $2,373.94, while Ripple (XRP) climbed 2.39% to $1.31. Uniswap’s governance token rose 1.89% to $7.48. Despite price gains, Ethereum’s exchange reserves fell to their lowest since 2016, according to CryptoQuant, reducing selling pressure and potentially setting the stage for a faster rally if demand returns.
The number of active addresses on the XRP Ledger surged 132% over the past month, indicating sustained user activity even as the token’s price remains modest. Meanwhile, the US SEC clarified that governance tokens like Uniswap will not be deemed securities if the underlying network is truly decentralized, easing regulatory concerns for DeFi participants.
What traders should monitor next
Key levels to watch include Bitcoin’s $82 K resistance and the $73‑$75 K support zone. A break above $82 K could trigger further upside, while a fall back below $73 K would reopen the risk of a deeper correction.
On the macro side, any post‑election policy shifts in the US, especially fiscal stimulus or tax changes, could affect risk appetite. Additionally, the flow of capital into stablecoins will be a barometer of liquidity; a continued decline may limit the upside for broader crypto assets.
- $2.63 trillion total crypto market cap (Nov 4, 2026)
- Bitcoin support at $75.7 K; resistance at $82 K
- Stablecoin supply $263 billion – lowest in >1 year
- XRP Ledger active addresses +132% MoM
Frequently asked questions
Why did the crypto market rise after the US midterm election?
The election outcome removed a major source of political uncertainty, prompting equity markets to rally and the US dollar to weaken. That risk‑on environment lifted demand for speculative assets, allowing the crypto market to rebound 4% to $2.63 trillion on November 4, 2026.
What level must Bitcoin break to confirm a reversal?
Analysts say Bitcoin needs to close above $82 K, which sits near its 50‑day moving average and the most recent local high, to confirm a sustained reversal from the recent dip.
Related news
- Democrats midterm victory drives dollar slide and gold rally in market overview
- Bitcoin price forecast: US midterm elections could trigger volatility shock
- Gold reclaims $4,000 after US election
- Ethereum price below $2,309 realized price as US selling intensifies
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This article is compiled from international market news for information only. It is not investment advice.