Bitcoin price reclaims $78K after U.S. midterm selloff: Is the bottom in?

Bitcoin price has reclaimed $78,000 after falling to a seven-week low near $75,600 as the U.S. midterm election results initially unsettled cryptocurrency markets. Bitcoin price has reclaimed $78,000 after briefly falling toward $75,600 during the U.S. midterm election results. Democrats won control of both chambers of Congress, raising questions about President Donald Trump's cryptocurrency legislative agenda. Ali Martinez identified the $75,875 short-term holder realized price as a possible support level for Bitcoin. U.S. spot Bitcoin ETFs recorded $115.6 million in net outflows on November 3, taking withdrawals above $1.15 billion across three sessions. Analysts are watching whether Bitcoin can maintain its recovery and reclaim resistance near $79,500. According to crypto.news market data, BTC recovered to approximately $78,300 on November 4, trading nearly 1% higher after erasing its earlier losses.

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