Bitcoin Faces 3 Big Tests During the First Week of November

Bitcoin (BTC) and crypto markets face 3 key events this week. US voters elect a new Congress, 3 central banks weigh rate hikes, and Friday brings the October jobs report. The markets enter the week still recovering. A record $6.3 billion hack at Binance pushed Bitcoin to a six-week low on Friday. Bitcoin’s $100,000 Hopes Ride on Tuesday’s Ballots Americans vote on Tuesday, November 3, for all 435 House seats and 35 Senate seats. In a Bloomberg survey of 301 investors, 29% expected Bitcoin above $100,000 by year-end under Republican control. Only 8% expected that if Democrats win. Under Democratic control, 71% expected Bitcoin to finish 2026 lower, as BeInCrypto reported. However, respondents opted in, and Bloomberg did not weight the results. Past midterms offer a longer view.

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