Bitcoin Price Taps $81K After Midterms—But Analysts Warn a Trap Is Set

Bitcoin rebounded from an intraday low of $75,618 to top $81,000 for the first time since Oct. 29, gaining nearly 4% on the day and lifting its market cap to near $1.62 trillion. The move followed election-night volatility that had pushed the price to a multi-week low before the recovery. Traders are watching whether the breakout holds, since analysts quoted in the report warn the rally could be a trap.