Crypto Liquidations Near $1B as Bitcoin Retakes $80,000
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Bitcoin Back Above $80K After $975M Crypto Liquidations
Bitcoin rebounded above $80,000 on November 4, 2026, reversing a sharp selloff triggered by uncertainty surrounding the US midterm elections and renewed pressure across cryptocurrency markets. The world's largest cryptocurrency climbed as much as 4.2% during Wednesday's session, briefly exceeding $81,000 after falling to approximately $75,600 earlier in the day. Bitcoin subsequently traded around $80,000–$80,500, recovering much of its election-…
Crypto liquidations rose to $974.80 million in 24 hours; short positions accounted for 59% of the losses. Bitcoin rebounded above $80,000, while Ethereum gained 6.84%.
Key Points of the News: Bitcoin exceeded the $80,000 barrier during the day, registering a maximum intraday of $81,000 before being placed at around $78,297. Liquidations in the global crypto derivatives market exceeded $950 million in 24 hours, with more than $560 million corresponding to short positions. The total capitalization of the asset was around $1.58 billion, with a reported daily trading volume of $31.670 million. The upward movement …
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