{"id":72883,"date":"2026-11-05T14:20:28","date_gmt":"2026-11-05T14:20:28","guid":{"rendered":"https:\/\/nftaiverse.com\/?p=72883"},"modified":"2026-11-05T14:20:28","modified_gmt":"2026-11-05T14:20:28","slug":"btc-usd-closes-above-80000-after-the-democratic-sweep-while-trump-branded-assets-crash-did-the-midterms-flip-crypto-sentiment","status":"publish","type":"post","link":"https:\/\/nftaiverse.com\/?p=72883","title":{"rendered":"BTC USD Closes Above $80,000 After the Democratic Sweep While Trump-Branded Assets Crash: Did the Midterms Flip Crypto Sentiment?"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<p>Bitcoin (BTC USD price) closed above $80,000 on Wednesday, November 4, the day after <a href=\"https:\/\/www.cnbc.com\/2026\/11\/04\/democrats-2026-midterm-election-results.html\" target=\"_blank\" rel=\"noopener nofollow\">Democrats won control of both chambers of Congress<\/a>, rising 3.9% while Trump-branded assets sank, with Trump Media stock down 24.5% and the TRUMP memecoin down 19.9%.<\/p>\n<div class=\"chart crypto-chart-instance\" id=\"crypto_chart_6aec8f4750f14\" data-coin-id=\"wlfi\">\n<div class=\"chart__header\">\n<div class=\"chart__info\">\n<div class=\"chart__info-icon\">\n\t\t\t\t<img id=\"crypto_chart_6aec8f4750f14-chart__info-icon-img\" \/><\/p>\n<div class=\"chart__info-name\" id=\"crypto_chart_6aec8f4750f14-chart__info-name\"><\/div>\n<div class=\"chart__info-symbol\" id=\"crypto_chart_6aec8f4750f14-chart__info-symbol\"><\/div>\n<\/p><\/div>\n<div class=\"chart__info-current\">\n<div class=\"chart__info-price\" id=\"crypto_chart_6aec8f4750f14-chart__info-price\"><\/div>\n<div class=\"chart__info-change\" id=\"crypto_chart_6aec8f4750f14-chart__info-change\"><\/div>\n<\/p><\/div>\n<div class=\"chart__info-extra\">\n<div class=\"chart__info-label\">Market Cap<\/div>\n<div class=\"chart__info-marketcap\" id=\"crypto_chart_6aec8f4750f14-chart__info-marketcap\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"chart__controls\">\n<div class=\"chart__controls-group\">\n\t\t\t\t<button class=\"chart__button chart__button--24h\" id=\"crypto_chart_6aec8f4750f14-btn-24h\">24h<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--7d\" id=\"crypto_chart_6aec8f4750f14-btn-7d\">7d<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--30d\" id=\"crypto_chart_6aec8f4750f14-btn-30d\">30d<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--1y\" id=\"crypto_chart_6aec8f4750f14-btn-1y\">1y<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--all-time\" id=\"crypto_chart_6aec8f4750f14-btn-all-time\">All Time<\/button>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"chart__container\"><\/div>\n<\/div>\n<p>That is not the reaction many in crypto expected from a Democratic Congress.<\/p>\n<p>Bitcoin traded at $80,391 on <a href=\"https:\/\/www.binance.com\/en\/trade\/BTC_USDT\" target=\"_blank\" rel=\"noopener nofollow\">Binance<\/a> at 10:10 UTC on Thursday, after its first daily close above the 50-day EMA since the October 29 Binance hack. The <a href=\"https:\/\/alternative.me\/crypto\/fear-and-greed-index\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Crypto Fear &amp; Greed Index<\/a> climbed from 26 on election day to 50 on Thursday, its first neutral reading since October 29.<\/p>\n<p>Politics still cost the industry something. The odds of a crypto market structure law this year slipped, and the candidate crypto PACs spent most to stop won the race.<\/p>\n<p>So did the switch from Republicans to Democrats flip crypto sentiment, or just the Trump trade?<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Bitcoin is not a store of value. It increased.<\/p>\n<p>&mdash; CZ <img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/17.0.2\/72x72\/1f536.png\" alt=\"\ud83d\udd36\" class=\"wp-smiley\" style=\"height: 1em;max-height: 1em\" \/> BNB (@cz_binance) <a href=\"https:\/\/x.com\/cz_binance\/status\/2118161651304476694?ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">November 5, 2026<\/a><\/p>\n<\/blockquote>\n<p><strong>DISCOVER:<\/strong> <strong><a href=\"https:\/\/99bitcoins.com\/news\/altcoins\/binance-hack-tether-circle-freeze\/\" target=\"_blank\" rel=\"noopener\">Binance Loses $6.3Bn in Largest Crypto Theft Ever as Tether and Circle Freeze $2.6Bn: What We Know About Binance Hack<\/a><\/strong><\/p>\n<h2>Did the Democratic Sweep Flip Crypto Sentiment?<\/h2>\n<p>Yes, and it flipped toward calm. Bitcoin, Ether, and the largest crypto stocks all rose on Wednesday, ahead of the Nasdaq Composite&#8217;s 1.4% gain.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-384539\" src=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2026\/11\/IMG_3055-scaled.webp\" alt=\"\" width=\"2560\" height=\"1440\" \/><br \/>\nStrategy (MSTR) gained 5.1% and <a href=\"https:\/\/finance.yahoo.com\/quote\/COIN\/\" target=\"_blank\" rel=\"noopener nofollow\">Coinbase (COIN)<\/a> rose 4.2% by Wednesday&#8217;s close. Solana and XRP added 3% and 2.2%.<br \/>\nThe rally came without a rush into leverage. The funding rate on <a href=\"https:\/\/www.okx.com\/trade-swap\/btc-usdt-swap\" target=\"_blank\" rel=\"noopener nofollow\">OKX&#8217;s Bitcoin perpetual swap<\/a>, the fee longs pay shorts every eight hours, stayed at or just under its 0.01% default through the vote.<\/p>\n<p>Policy looks weaker. On <a href=\"https:\/\/polymarket.com\/event\/crypto-market-structure-legislation-becomes-law-in-2026-20260727223933088\" target=\"_blank\" rel=\"noopener nofollow\">Polymarket<\/a>, traders put the chance of a crypto market structure law in 2026 at 6.6% on Thursday, down from 8.45% before polls closed. Most of the hope had already gone when the CLARITY Act <a href=\"https:\/\/www.dlapiper.com\/en\/insights\/publications\/2026\/09\/senate-fails-to-advance-the-clarity-act\" target=\"_blank\" rel=\"noopener nofollow\">failed a Senate vote 49\u201350<\/a> in September.<\/p>\n<p>Crypto money also lost its biggest race. In Ohio, former Senate Banking Committee chair Sherrod Brown, a long-time crypto critic, won back a Senate seat after <a href=\"https:\/\/www.usnews.com\/news\/politics\/articles\/2026-11-04\/cryptos-midterm-spending-spree-stumbles-as-democrats-rack-up-big-wins\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">crypto PACs spent more than $60 million<\/a> against the campaign.<\/p>\n<h2>Why Did Trump-Branded Assets Fall?<\/h2>\n<p>The market sold Trump, not crypto. Trump Media (DJT) fell 24.5% on Wednesday to $4.49, the TRUMP token hit a record low of $1.219, and World Liberty Financial&#8217;s WLFI lost 6.1%.<\/p>\n<p>These assets trade on the president&#8217;s political reach as much as on crypto prices. A Democratic House and Senate shrink that reach for the next two years.<\/p>\n<p>Trump Media has its own deadline too. Holders of its $1 billion convertible notes can demand cash on November 30, <a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1849635\/000143774926034438\/djt20261029_s4a.htm\" target=\"_blank\" rel=\"noopener nofollow\">a November 2 filing shows<\/a>.<\/p>\n<p><strong>DISCOVER: <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-1000x-crypto\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">Next 1000X Crypto \u2013 Here\u2019s 10+ Crypto Tokens That Can Hit 1000x This Year<\/a><\/strong><\/p>\n<h2>BTC USD Price Analysis: Can Bitcoin Price Hold $80,000?<\/h2>\n<p>Wednesday&#8217;s $80,504 close was Bitcoin&#8217;s first above the 50-day EMA since October 28, the day before the Binance hack. It also cleared the 20-day EMA, which last happened on October 21.<\/p>\n<p>Those two averages now sit at $79,990 and $80,159, less than $200 apart, so the $80,000 area is the first floor.<\/p>\n<figure id=\"attachment_384541\" aria-describedby=\"caption-attachment-384541\" style=\"width: 1600px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-384541 size-full\" src=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2026\/11\/IMG_3056.webp\" alt=\"BTCUSDT 1D chart. \" width=\"1600\" height=\"900\" \/><figcaption id=\"caption-attachment-384541\" class=\"wp-caption-text\">BTCUSDT 1D chart. Source: <a class=\"general-link\" href=\"https:\/\/www.tradingview.com\/x\/hFRpGgtn\" target=\"_blank\" rel=\"noopener nofollow\">TradingView<\/a><\/figcaption><\/figure>\n<div class=\"nnbtc-table-wrapper\">\n<table>\n<colgroup>\n<col \/>\n<col \/>\n<col \/><\/colgroup>\n<tbody>\n<tr>\n<th colspan=\"1\" rowspan=\"1\">Path<\/th>\n<th colspan=\"1\" rowspan=\"1\">What has to happen<\/th>\n<th colspan=\"1\" rowspan=\"1\">Next stop<\/th>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\"><strong>Push higher<\/strong><\/td>\n<td colspan=\"1\" rowspan=\"1\">A daily close above $81,971, the October 29 high<\/td>\n<td colspan=\"1\" rowspan=\"1\">$84,898, the October 21 high<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\"><strong>Stall<\/strong><\/td>\n<td colspan=\"1\" rowspan=\"1\">Holding between $80,000 and $81,971<\/td>\n<td colspan=\"1\" rowspan=\"1\">More range trading around the two EMAs<\/td>\n<\/tr>\n<tr>\n<td colspan=\"1\" rowspan=\"1\"><strong>Slip<\/strong><\/td>\n<td colspan=\"1\" rowspan=\"1\">A daily close back below $80,000<\/td>\n<td colspan=\"1\" rowspan=\"1\">$75,736, the election-night low<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>Above $81,971, the hack-day drop would be gone from the chart.<\/p>\n<p>The midterms removed one unknown for BTC USD. The next test is whether buyers stay without a Trump-friendly Congress behind them.<\/p>\n<p><strong>DISCOVER: <\/strong><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-100x-crypto\/\" target=\"_blank\" rel=\"noopener\"><strong>10+ Next Crypto to 100X In 2026<\/strong><\/a><\/p>\n<p><b>Follow 99Bitcoins on<\/b><a href=\"https:\/\/x.com\/99BitcoinsHQ\" target=\"_blank\" rel=\"nofollow noopener\"> <b>X<\/b><\/a><b> For the Latest Market Updates, and Subscribe on<\/b><a href=\"https:\/\/www.youtube.com\/@99bitcoins\" target=\"_blank\" rel=\"nofollow noopener\"> <b>YouTube<\/b><\/a><b> For Daily Expert Market Analysis.<\/b><\/p>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/bitcoin-btc\/btc-usd-midterms-trump-assets\/\">BTC USD Closes Above $80,000 After the Democratic Sweep While Trump-Branded Assets Crash: Did the Midterms Flip Crypto Sentiment?<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\">99Bitcoins<\/a>.<\/p>\n<p><br \/>\n<br \/><a href=\"https:\/\/99bitcoins.com\/news\/bitcoin-btc\/btc-usd-midterms-trump-assets\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin (BTC USD price) closed above $80,000 on Wednesday, November 4, the day after Democrats won control of both chambers of Congress, rising 3.9% while Trump-branded assets sank, with Trump Media stock down 24.5% and the TRUMP memecoin down 19.9%. Market Cap 24h 7d 30d 1y All Time That is not the reaction many in [&hellip;]<\/p>\n","protected":false},"author":53,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[],"kronos_expire_date":[],"class_list":["post-72883","post","type-post","status-publish","format-standard","category-crypto"],"_links":{"self":[{"href":"https:\/\/nftaiverse.com\/index.php?rest_route=\/wp\/v2\/posts\/72883","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nftaiverse.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nftaiverse.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nftaiverse.com\/index.php?rest_route=\/wp\/v2\/users\/53"}],"replies":[{"embeddable":true,"href":"https:\/\/nftaiverse.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=72883"}],"version-history":[{"count":0,"href":"https:\/\/nftaiverse.com\/index.php?rest_route=\/wp\/v2\/posts\/72883\/revisions"}],"wp:attachment":[{"href":"https:\/\/nftaiverse.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=72883"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nftaiverse.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=72883"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nftaiverse.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=72883"},{"taxonomy":"kronos_expire_date","embeddable":true,"href":"https:\/\/nftaiverse.com\/index.php?rest_route=%2Fwp%2Fv2%2Fkronos_expire_date&post=72883"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}