Bitcoin rebounds past $80,000 as markets absorb midterms and Binance hack
AI summary
Bitcoin climbed 3.5% to $80,500 and ether gained 6% as markets absorbed two potentially disruptive events without selling off. Democrats won Congress in the midterms, and a hack at Binance occurred, yet Bitwise assessed the exchange breach as having limited market impact. Traders read the resilience as a sign that crypto demand is holding up against political and security shocks.
