Bitcoin Rips Back Above $80K After the Midterms

Crypto didn’t get the Congress it wanted. It went up anyway.

Bitcoin sold off as the midterm results rolled in overnight, then bought it all back by the Wall Street open. Here’s why, what the charts say now, and two founders bringing crypto money to Hollywood.

📊 Prices: BTC $80.1K (+2.7%) · ETH $2,420 (+5.3%) · SOL $95 (+0.8%) · HYPE $83 (-3.8%)

Today in 30 seconds:

• 🗳️ Why a Democratic sweep sent crypto higher

• 🎬 Crypto money hits Hollywood

• 📈 BTC and ETH flip bullish on the short timeframes

• ⚡ NEAR cuts its own inflation

• 🇰🇵 The FBI names the Binance hackers

🗳️ Crypto lost the election and won the day

Democrats took the House and the Senate, a tougher road for pro-crypto bills. Crypto rallied anyway, right alongside stocks.

🤔 So why did it go up?

• Priced in. Polls and prediction markets had this as the favorite for weeks.

• Relief. Sentiment was already in fear. A clear answer beat no answer.

• Macro. Oil fell hard, easing inflation and rate-hike worries.

• Gridlock. No big policy swings either way. CLARITY was already stalled.

Why it matters: Bitcoin finished higher 12 months after each of the last three midterms. Short term, liquidity beat politics. Long term, slower crypto bills are the cost to watch.

🎬 Crypto money hits Hollywood

Both of this week’s guests are bringing crypto money to people who’ve never touched crypto.

IPX pays fans from box office revenue

Jordan Schlosser, Co-founder and CTO of IPX

Watch the interview

Fans who back a film or docuseries rarely see a cent of what it earns. IPX routes real revenue into each project’s account and uses it to buy back that project’s token. Jordan explains how the Fetty Wap docuseries pays fans, why fans never have to see the blockchain, and what protects backers if a project flops.

Watch on CCS → · Read the interview →

Cap lends onchain dollars to a Hollywood movie

Benjamin Sarquis Peillard, Founder and CEO of Cap

Watch the interview

Cap advanced cash to Wake, starring Cole Sprouse, against the tax credit the film gets paid later. The movie never goes onchain. Benjamin explains who takes the loss if a loan goes bad, why Cap won’t tokenize the film, and why $50M to $100M could fund every loan at Cannes.

Watch on CCS → · Read the interview → · The story →

Why it matters: This is what adoption looks like. Not more traders, but people who’ve never held a wallet getting paid or funded onchain.

📈 The charts: two for two

Scorecard from #139: I said hold $75K and reclaim $79.4K. BTC held, reclaimed it and pushed up to the 50-day. ✅ On ETH, a move back over $2,290 was the first sign of a bounce. It cleared it. ✅

Bitcoin (daily)

BTC is sitting on its 20-day and just under the 50-day at $82K. EngineeringRobo flipped the 3H, 45M and 15M to bullish. The daily is still bearish. RSI is up from 35 to 51, and Smart Money is IN.

My bias: Turning bullish. A daily close over $82K confirms it.

Support: $80.2K (20-day) / $78K / $75.6K (today’s low) | Resistance: $82K / $84K / $87.4K

Ethereum (daily)

ETH bounced off the 200-day last week while oversold and is back over its 20-day, with the 50-day next. Same EngineeringRobo pattern as BTC. RSI is up from 29.6 to 55.

My bias: Relief bounce confirmed. It needs $2,507 to call it a trend.

Support: $2,350 / $2,290 / $2,157 | Resistance: $2,507 / $2,700 / $2,806

🔒 Paid subscribers this week: my bias and levels on NEAR, HYPE and the rest of the Altcoin TA Pack. Unlock it with a 7-day free trial →

Signals powered by EngineeringRobo AI

⚡ NEAR cuts its own inflation

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