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Bitcoin Reclaims $80,000 After Midterm Election Dip as Short Squeeze Fuels Rebound

Bitcoin traded above $80,000 on Thursday, 5 November 2026, less than a day after sliding to about $75,700 as results from the United States midterm elections pointed to a Democratic sweep of Congress. The recovery erased the election-night losses and put the world’s largest cryptocurrency back above a level that had capped it for most of the previous two weeks.…