Bitcoin Climbs Back Above $80,000, Ethereum Gains 5.60% as Crypto Market Rebounds After US Elections
CryptoPulsar AI ·
Bitcoin is trading at $80,354, while Ethereum gains 5.60% to $2,423.25. Total crypto market capitalization reaches $2.78 trillion. Sentiment remains cautious: the Fear and Greed Index is at 34 points.
Bitcoin is priced at $80,354 and has risen 3.53% in 24 hours, while Ethereum gains 5.60% to $2,423.25. The crypto market is clearly rebounding after the US midterm elections, with an additional boost coming from the 12% drop in US oil prices after Democrats won control of Congress, according to data from BeInCrypto Polska. Total crypto market capitalization stands at $2.78 trillion, and Bitcoin's trading volume alone is $39.13 billion. Despite the gains, sentiment remains cautious: the Fear and Greed Index is at 34 points, and the contract funding rate is 0.01%. Polish investors are additionally affected by the US dollar exchange rate, which after being at PLN 3.70 now costs PLN 3.91.
📉 Market at a Glance: Key Numbers
| Crypto | Price | 24h | 7d |
|---|---|---|---|
| Bitcoin | $80,354 | +3.53% | -0.22% |
| Ethereum | $2,423.25 | +5.60% | +3.84% |
| Solana | $95.44 | +2.08% | -5.40% |
| BNB | $716.81 | +2.87% | -4.30% |
| XRP | $1.31 | +2.09% | -0.31% |
| Zcash | $1,283.61 | +5.60% | +2.21% |
| TRON | $0.3198 | -1.08% | -2.83% |
Ethereum and Zcash are rising the most, both up 5.60% in 24 hours. Among the declines, TRON stands out with a 1.08% drop, along with Figure Heloc, down 0.93%.
🇵🇱 What Happened Today on the Polish Crypto Market?
In the published summary for November 4, there are no separate announcements from the KNF, MF, or NBP regarding the crypto market. There are also no separate entries for the Polish exchanges Zonda, Kanga, or Eger, nor for the projects Aleph Zero, Golem, and Reality Metaverse. Therefore, we are not reporting any unconfirmed changes today.
An important signal for Polish investors comes from the currency market. Comparic.pl reports that the dollar previously cost PLN 3.70, and on November 4 it costs PLN 3.91. The zloty is rebounding, but the question of whether it will last remains open.
💡 Worth Knowing
Bitcoin's rise above $80,000 coincides with a 12% drop in US oil prices after Democrats won control of Congress. This shows that cryptocurrencies can rise when traditional markets price in a new political arrangement in the US.
📊 Why Does This Matter?
Impact on Polish Investors
For people buying cryptocurrencies with zlotys, the USD/PLN exchange rate matters. When the dollar is more expensive, the Bitcoin valuation in zlotys can rise even if the USD price remains stable. The current level of PLN 3.91 per dollar, after an earlier PLN 3.70, increases the cost of acquiring USD-denominated assets.
Impact on Altcoins
The rebound is not limited to Bitcoin. Ethereum is up 5.60%, BNB 2.87%, XRP 2.09%, and Solana 2.08%. However, it is worth remembering that Solana is still down 5.40% over 7 days, so this is only an attempt to recover losses.
Impact on Sentiment
The Fear and Greed Index is 34 out of 100, which still indicates a fear zone. Contract funding at 0.01% suggests that the market is not overheated by leverage. This is cautious optimism, not euphoria.
🔍 Market Analysis
Bitcoin's market cycle is 30.5 out of 50 points. The result for Ethereum is 28.9, for Solana 30.3, for XRP 28.0, and for BNB 27.3. All readings remain below the midpoint of the scale, which indicates an uncertain rebound.
Bitcoin's on-chain data shows approximately 937,000 transactions over 24 hours, which, with the price at $80,306 and a 3.5% increase, suggests real network activity. The RSI indicator stands at 43.8 and is not overbought. MACD remains bullish, but the EMA 9/21 average setup is still bearish.
Ethereum recorded a net +748 ETH inflow to exchanges over the last 4 hours. This means more coins entered trading platforms than left them. In the last hour, there were over 100 transfers above 500 ETH, and the largest single move reached around 21,300 ETH.
Solana shows more than 100 transfers above 10,000 SOL within an hour. The largest moves are 0.99 million, 0.98 million, and 0.97 million SOL. Without information on whether these are exchange deposits or withdrawals to private wallets, it is unclear whether this represents supply pressure, but whale activity alone is intense.
🔑 Key Takeaways From On-Chain Analysis
- Bitcoin has 937,000 transactions in 24h, but the EMA 9/21 remains bearish.
- Ethereum recorded a net +748 ETH inflow to exchanges in 4 hours, which may increase supply.
- Solana shows over 100 transfers >10,000 SOL per hour, signaling whale activity.
In the macro background, there are the US elections, a 12% drop in US oil, gold above $4,000, and silver near $52. On the Polish market, the dollar costs PLN 3.91 after an earlier PLN 3.70.
📰 Top News of the Day
- Morgan Stanley is moving US equities and bonds onto the blockchain. Wall Street accelerates tokenization (Comparic.pl).
- Texas: the new governor wants to halt permits for AI data centers. Riot sold 79% of its Bitcoin to build data centers (BeInCrypto PL).
- Bitcoin reclaims $80,000 as US oil prices fall 12% after Democrats win control of Congress (BeInCrypto PL).
- MicroStrategy: dividend shares with a 12% yield rebounded 34% to $100 (BeInCrypto PL).
- Cybersecurity: cybercriminals steal access to AI and resell it to others (CyberDefence24).
🔑 Key Takeaways
- Bitcoin costs $80,354 and rises 3.53% in 24h, but over 7 days it is still down 0.22%.
- Ethereum is the rebound leader: +5.60% to $2,423.25. Zcash also gains 5.60%.
- Sentiment remains cautious: Fear and Greed Index at 34/100, funding at 0.01%, BTC cycle at 30.5/50.
- On-chain: ETH is flowing onto exchanges (+748 ETH in 4h), and Solana has intense whale activity.
- Polish context: the dollar after PLN 3.70 now costs PLN 3.91. There are no new announcements from KNF, MF, or NBP in the data.
👀 What to Watch Tomorrow?
- Will Bitcoin hold above $80,000?