Bitcoin stays under $80,000 as election odds favor Democratic control
DailyForex, in its November 2 brief, says Bitcoin remains below 80,000 dollars after last week selloff and the reported 6.3 billion dollar Binance theft, with gold near 3,900 to 3,910 dollars after its lowest level in about a year on Friday. WTI traded around 101 to 102 dollars and Brent around 110 to 112 dollars, while prediction markets saw a strong probability that Democrats will take control of both Houses ahead of the November 3 midterms.
Bitcoin remained below $80,000 in DailyForex’s November 2 brief, trading near $78,000 to $78,500 after last week’s selloff and a reported $6.3 billion Binance theft.
The brief, published Nov 2, 2026, at 4:30 AM ET, also placed gold below $4,000 and oil above $100, alongside prediction-market expectations ahead of the November 3 midterms.
Gold near $3,900 as oil holds above $100
Gold traded near $3,900 to $3,910, according to DailyForex, after reaching its lowest level in about a year on Friday.
WTI was around $101 to $102, while Brent traded around $110 to $112. Those ranges provide a snapshot of commodity prices, but the supplied summary does not establish what drove them.
Election markets favor Democrats in both Houses
According to DailyForex, prediction markets assigned a strong probability to Democrats taking control of both Houses ahead of the November 3 midterms. The summary did not identify the markets or provide numerical probabilities.
That limits how precisely readers can assess the election signal: the direction of expectations is reported, but neither the size of the implied advantage nor any change in pricing is specified.
What it means for prediction markets
- Election expectations: The reported odds favor Democratic control of both Houses, but no exact probability or contract terms were supplied.
- Bitcoin thresholds: The $78,000 to $78,500 range places Bitcoin below $80,000 in the November 2 snapshot; it does not establish a subsequent price or settlement outcome.
- Separate signals: The summary presents election expectations alongside cryptocurrency and commodity prices without establishing a causal link between them.
Sources & attribution
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- DailyForex
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