Bitcoin climbed toward $80,500 at the start of Wall Street trading as US stocks rallied after the Democratic sweep in the midterm elections, in which Democrats flipped seven Senate seats and 25 House seats. S&P 500 futures rebounded from a three-month low of 7,490 points to 7,690 points, which The Kobeissi Letter called a “textbook bear trap.” WTI crude fell below $93 per barrel, down as much as 11.9% for the week, as hopes grew for an end to the US-Iran war. CoinShares head of research James Butterfill said a wider Bitcoin “relief rally” could follow as election uncertainty fades, but real yields, dollar liquidity and ETP flows still matter more than the elections. Trump conceded the Iran conflict partly caused Republican election losses, and Iran’s parliament speaker said voters had said “NO TO WAR.”
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Related tickers and likely impact
BTC/USDT
▲ Likely positiveBitcoin
Relevance: high
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 11/03/2026 | 77,453.86 |
| Change that session | +0.83% |
SPY
▲ Likely positiveSPDR S&P 500 ETF
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 11/03/2026 | 754.41 |
| Change that session | +0.31% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
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