Bitcoin Rebounds Above $80,000 as Official Trump (TRUMP) Falls 15%

Bitcoin (BTC) climbed above $80,000 early Thursday after sliding to a seven-week low following the U.S. midterm results, leading a broad recovery in crypto prices. BTC touched $81,000 during the rally and remained above $80,000 at 4:48 a.m. ET (09:48 UTC). Short positions worth $380 million were liquidated within an hour as prices surged. Bitcoin’s market capitalization rebounded to $1.61 trillion, while its share of the crypto market moved above 60%. Official Trump (TRUMP) fell another 15% over 24 hours after reaching a three-month low Wednesday. Ether (ETH) climbed above $2,400, and XRP rose to $1.32. Solana (SOL) gained 3.7% but stayed below $100. Hyperliquid’s HYPE token fell nearly 4% to $83. The total crypto market capitalization increased 2.3% in 24 hours to $2.69 trillion.

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