Add as a preferred source on GoogleBitcoin and Ether Rebound as Global Markets Recover After Election
Bitcoin rose to $78,006 and Ether to $2,301, while Nasdaq 100 futures pared an earlier loss of more than 2.2% to 0.4%.
Bitcoin (BTC) and Ether (ETH) rebounded alongside global markets on Nov. 4 after Democrats took control of both chambers of Congress as US index futures pared earlier losses.
Bitcoin climbed back above $78,000 to $78,006, while Ether moved above $2,300 to $2,301. Nasdaq 100 futures were down 0.4%, after earlier falling more than 2.2%. S&P 500 futures lost 0.43%, and Dow futures fell 0.24%.
Asian trading also strengthened: the Hang Seng Index rose 0.81%, and South Korea's KOSPI erased an earlier loss of as much as 4%. China's STAR 50 gained more than 5%. Spot gold rose 1% to above $3,970 an ounce, while silver gained more than 2% to $50.79.
The election outcome had been viewed as negative for markets before it was settled. The figures showed a partial recovery: crypto and several Asian benchmarks advanced, while major US futures remained below their previous closes.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.