Bitcoin Surges to $80.5K as US Stocks Rally Post Midterms

Bitcoin reclaimed the $80,000 level at the Wall Street open on Wednesday as broader risk sentiment improved following US midterm election results that shifted power toward Democrats. The rebound was mirrored in equity index futures, while oil prices eased on growing hopes that tensions linked to the US-Iran conflict could cool. According to TradingView data cited in earlier market coverage, BTC /USD rose more than 4% and moved back above $80,500 during the start of Wednesday’s trading session, rebounding from its lowest levels in roughly seven weeks.