Bitcoin rebounds past $80,000 as markets shrug off midterms and Binance hack

What happened: Bitcoin rose 3.5% to $80,500 and ether jumped 6% after Democrats won Congress, with markets shrugging off the Binance hack. Key numbers: Bitcoin up 3.5% to $80,500; ether up 6%. Why it matters: Bitwise said the Binance hack had limited market impact, and the price moves came alongside the midterm election outcome.

Bitcoin rose 3.5% to $80,500 and ether jumped 6% after Democrats won Congress, with markets shrugging off the Binance hack.

Bitwise said the Binance hack had limited market impact, and the price moves came alongside the midterm election outcome.