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Bitcoin reaches about $78,000 as crypto gains follow Democratic congressional wins

CoinGabbar reports Bitcoin climbed to about 78,000 dollars even as Democrats won both the House and the Senate, with Ethereum, XRP and BNB each gaining more than 2 percent. Bitcoin saw 169.80 million dollars in liquidations against 78.81 million dollars for Ethereum, and the Fear and Greed Index rose to 34 from 26 the day before.

According to CoinGabbar, the cryptocurrency market’s capitalization increased 1.98 percent to $2.62 trillion after the midterms, with Bitcoin, Ethereum and XRP moving higher.

Bitcoin reached about $78,000 even as Democrats won both the House and the Senate, CoinGabbar reported. The update was published on Nov 4, 2026, at 9:00 AM ET.

Gains extend beyond Bitcoin

Ethereum, XRP and BNB each advanced more than 2 percent, according to CoinGabbar. Those moves accompanied the increase in overall cryptocurrency market value.

The reported price action establishes that crypto gains coincided with the election outcome. The supplied figures do not establish whether the congressional results caused the rally.

Liquidations and sentiment

Bitcoin recorded $169.80 million in liquidations, compared with $78.81 million for Ethereum, according to CoinGabbar. The summary does not identify how those liquidations were divided between long and short positions.

The Fear and Greed Index increased to 34 from 26 the previous day. That improvement in the sentiment measure accompanied the gains in market capitalization and major tokens.

What it means for prediction markets

  • Election outcomes and prices: Bitcoin’s advance alongside Democratic wins in both chambers is relevant to markets linking political outcomes with crypto performance, but it does not establish causation.
  • Price thresholds: The reported Bitcoin level is approximate. Contracts tied to a precise price require the specified observation time and settlement source.
  • Liquidation signals: The Bitcoin and Ethereum totals show liquidations occurring alongside the rally; without a long-versus-short breakdown, they do not identify which side faced greater pressure.
  • Sentiment: The index’s rise from 26 to 34 offers context for crypto expectations, not a probability estimate for any contract.
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Sources & attribution

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    CoinGabbar
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