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Bitcoin trades near USD 77,328 after the US midterms.
Zcash and Monero lead gains, while BNB slips 0.3%.
Support near USD 76,000 and resistance near USD 78,000 stay in focus.
Bitcoin trades near USD 77,328 on November 4 as Democrats take the US House. The largest cryptocurrency gained 0.7% in 24 hours, according to CoinGecko.
Zcash led the top coins with a 7.1% gain, while BNB slipped 0.3%. Traders now weigh the Democratic House win against steady ETF outflows.
Bitcoin trades at USD 77,327.87, up 0.7% in the past 24 hours, according to CoinGecko. Its market capitalization stands near USD 1.55 trillion, while 24-hour volume reached USD 28.65 billion. The price remains 4.5% lower over seven days.
Prateek Gupta, Head of Business at Mudrex, said early results pointed to a possible Democratic Senate majority. US spot ETFs saw USD 399 million in outflows on Monday, adding to weak institutional demand. Bitcoin must break USD 78,000, with USD 76,000 key support.
CoinSwitch Markets Desk said Bitcoin traded near USD 77,500 as midterm uncertainty kept traders cautious. The desk sees support at USD 76,500 to USD 77,500. A sustained move above USD 79,000 strengthens recovery prospects, while a drop below USD 76,000 risks downside.
Vikram Subburaj, CEO of Giottus.com, said Bitcoin trades near USD 77,200, with support at USD 76,300. Derivatives traders are seeking downside protection, and the Fed's October decision has not eased tightening concerns. He advises avoiding aggressive dip buying and keeping position sizes modest.
Nischal Shetty, Founder of WazirX, said Bitcoin trades near USD 76,800, with USD 76,000 as a downside reference. A stronger Democratic presence in Congress could bring greater scrutiny and more negotiation on digital asset legislation. The Altcoin Season Index at 46 shows no broad altcoin outperformance.
Also Read: How US Dollar Strength and Weakness Could Impact Bitcoin and Crypto Prices in November 2026
Source: CoinGecko, prices as of today's session.
Zcash led the top coins with a 7.1% jump, followed by Monero at 4.0%. XRP rose 1.6% and Ethereum gained 1.2%. BNB was the only decliner at 0.3%, while Tether and USDC stayed flat.
Bitcoin climbed near USD 78,000 late Tuesday, then dropped more than USD 2,000 as the first results came in. It briefly touched USD 75,700 before recovering toward USD 76,700 in Asian trading, according to CoinDesk.
US stock futures, Asian equities and the dollar declined as investors weighed tighter regulation under Democratic control. Treasury yields also fell. Bitcoin has since recovered above USD 77,000, trading at USD 77,327.87 per CoinGecko.
Democrats won the US House in the midterms, with NBC News projecting at least 244 seats, according to CryptoTicker. The result puts a new chair in charge of the committee that writes crypto market rules.
It also brings subpoena power over Trump's crypto business. The CLARITY Act now has very little time left. S&P 500 futures fell about 1.1% in the evening, according to CNBC.
BlackRock's head of digital assets, Robert Mitchnick, said the midterms will not change the firm's crypto strategy. He spoke at the ETF Investor Forum in New York on Tuesday. The comments offer reassurance as ETF outflows weigh on sentiment.
BlackRock manages roughly USD 75 billion across its crypto ETF products. Asked whether the election could affect launches or flows, he answered, "Not really." The stance keeps ETF demand in focus for traders this week.
Also Read: Binance SAFU Bitcoin Holdings Halve to 7,500 BTC Following Record Crypto Hack
US spot Bitcoin ETFs posted USD 1.04 billion in net outflows over Friday and Monday, according to Bloomberg data. Midterm uncertainty continues to weigh on sentiment, leaving institutional demand muted as results arrive.
BlackRock's iShares Bitcoin Trust alone accounted for USD 405 million of Monday's withdrawals. Traders now watch whether ETF flows turn positive before Bitcoin can reclaim the USD 78,000 resistance zone. Both sessions followed the October 29 Binance exploit.
CFTC Chair Michael Selig on Tuesday approved perpetual futures tied to individual stocks on US exchanges for the first time. The move extends a crypto-native trading tool to traditional equities. Perpetual contracts carry no expiry, which suits round-the-clock crypto trading.
In May, the agency approved the first Bitcoin perpetual futures contract on a regulated US exchange. The step keeps derivatives regulation in focus as a Democratic House takes shape.
Bitcoin trades near USD 77,328, with USD 76,000 as key support and USD 78,000 as resistance. A Democratic House, ETF outflows and December Fed rate-hike odds near 78% cap rallies. Market participants are watching price levels, ETF flows and leverage as Bitcoin trades near USD 77,000.
Bitcoin trades at USD 77,327.87, up 0.7% over 24 hours, per CoinGecko. Its market capitalization stands near USD 1.55 trillion, while 24-hour trading volume reached USD 28.65 billion across global exchanges.
Bitcoin faces ETF outflows above USD 1 billion, a Democratic House win and elevated December rate-hike odds. Weak institutional demand and caution over crypto legislation keep buyers defensive near USD 78,000 resistance.
Zcash gained 7.1% and Monero rose 4.0% among the top 13 coins by market cap. XRP added 1.6% and Ethereum gained 1.2%, while BNB slipped 0.3% and Tether and USDC held flat.
Watch Bitcoin support near USD 76,000 and resistance near USD 78,000. Final midterm results, ETF flows and the November 6 jobs report can keep volatility elevated for traders this week.
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