{"id":247959,"date":"2026-11-05T09:40:09","date_gmt":"2026-11-05T09:40:09","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=247959"},"modified":"2026-11-05T09:40:09","modified_gmt":"2026-11-05T09:40:09","slug":"bitcoin-soars-past-80k-official-trump-trump-tanks-by-another-15-market-watch","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=247959","title":{"rendered":"Bitcoin Soars Past $80K, Official Trump (TRUMP) Tanks by Another 15%: Market Watch"},"content":{"rendered":"

Bitcoin quickly shrugged off the immediate losses prompted by the Democratic sweep in the midterms and skyrocketed to a weekly high of $81,000, where it was finally halted.<\/p>\n

Most altcoins followed suit, with ETH reclaiming $2,400 and XRP surging past $1.30. Interestingly, HYPE, TRX, XMR, and RAIN have failed to join the ride.<\/p>\n

BTC Above $80K<\/h2>\n

The primary cryptocurrency tanked hard at the end of the previous business week following the largest hack in the crypto industry in USD terms. It traded at around $81,000 before the bears drove it south to $76,400 first and then to $76,100. The bulls finally intervened after this major leg down, helping BTC recover some ground over the weekend to around $78,000.<\/p>\n

Monday morning began with another minor rally to $79,000, where the bears reemerged again and rejected bitcoin\u2019s mild progress. Shortly after, the asset dipped to $76,400. As the midterms approached, the cryptocurrency regained some traction and tapped $78,000 again.<\/p>\n

However, the clear and decisive victory for the Democrats resulted<\/a> in a massive nosedive for BTC, which tumbled to a seven-week low of $75,600. Once the uncertainty faded, though, bitcoin rallied<\/a> hard and jumped to $78,000 almost immediately. It flew further when US trading hours began yesterday, and rocketed to $81,000, leaving $380 million in shorts liquidated<\/a> in just an hour.<\/p>\n

Although it was stopped there, BTC continues to trade above $80,000 as of press time. Its market capitalization has rebounded to $1.610 trillion on CMC, while its dominance over the alts is above 60% again.<\/p>\n

<\/a>BTCUSD November 5. Source: TradingView<\/p>\n

TRUMP Tanks (Again)<\/h2>\n

Perhaps as expected given the election results, the official meme coin linked to the US President was among the poorest performers yesterday, dumping<\/a> to a 3-month low. The situation hasn\u2019t improved much, as TRUMP is down by another 15% on a 24-hour scale today.<\/p>\n

Meanwhile, Ethereum has risen past $2,400 after dipping to $2,100 after the midterms, while XRP has jumped to $1.32 as of press time. SOL is still under $100 despite its 3.7% daily increase. LINK, ADA, LTC, CRO, BCH, CC, and TAO are also well in the green.<\/p>\n

In contrast, HYPE has slumped by nearly 4% to $83, while TRX, XMR, and RAIN are slightly in the red.<\/p>\n

The total crypto market cap has increased by 2.3% in a day, and it\u2019s up to $2.690 trillion on CMC.<\/p>\n

<\/a>Cryptocurrency Market Overview November 5. Source: QuantifyCrypto<\/p>\n

\u00a0<\/p>\n

The post Bitcoin Soars Past $80K, Official Trump (TRUMP) Tanks by Another 15%: Market Watch<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin quickly shrugged off the immediate losses prompted by the Democratic sweep in the midterms and skyrocketed to a weekly high of $81,000, where it was finally halted. Most altcoins followed suit, with ETH reclaiming $2,400 and XRP surging past $1.30. Interestingly, HYPE, TRX, XMR, and RAIN have failed to join the ride. BTC Above […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-247959","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/247959"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=247959"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/247959\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=247959"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=247959"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=247959"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}