The <a href="https://www.coingabbar.com/en/crypto-news-nov-5-bitcoin-ethereum-surges-fear-index-midterms" style="background-color: rgb(255, 255, 255)" rel="noopener noreferrer nofollow">Crypto Rally </a>gained pace&nbsp;on Wednesday as digital assets bounced back from overnight losses. The dip came after Democrats won control of both houses of the US Congress in the midterm elections.
The total crypto market cap rose 2.0% to $2.79 trillion. Bitcoin (BTC) gained 3.10% to about $80,580, after sliding toward $75,700 during the vote count.
Ethereum (ETH) climbed 5.20%. XRP rose 3%, Cardano added 3.4%, and Solana, BNB, and Dogecoin each gained about 2% to 3%.
<h2 id="span-span-style-font-size-16px-why-crypto-bounced-back-after-the-midterm-shock-span-span">Why Crypto Bounced Back After the Midterm Shock</h2>
The first reaction was caution. A Democratic-controlled Congress could make crypto rules tougher, since most pro-crypto laws of the past two years had Republican backing.
Still, some Democrats favor a light-touch approach. The crypto sector also spent more than $300 million backing friendly politicians from both parties in roughly equal measure.
Macro news helped too. Falling crude oil prices eased inflation worries, which means less pressure on the Federal Reserve to keep rates high. A weaker US dollar added support.
<h2 id="span-span-style-font-size-16px-short-sellers-take-the-hit-as-liquidations-reach-715-million-span-span">Short Sellers Take the Hit as Liquidations Reach $715 Million</h2>
<a href="https://www.coinglass.com/liquidations" rel="noopener noreferrer nofollow">CoinGlass data shows</a> $715.13 million in liquidations over 24 hours, hitting 99,681 traders. Shorts took the bigger loss.
<div>
 <table>
 <colgroup>
 <col width="233">
 <col width="289">
 </colgroup>
 <tbody>
 <tr>
 <td>Metric</td>
 <td>Value</td>
 </tr>
 <tr>
 <td>Total liquidations (24h)</td>
 <td>$715.13 million</td>
 </tr>
 <tr>
 <td>Short liquidations</td>
 <td>$468.09 million (65.5%)</td>
 </tr>
 <tr>
 <td>Long liquidations</td>
 <td>$247.04 million</td>
 </tr>
 <tr>
 <td>BTC liquidations</td>
 <td>$267.13 million (93.4% shorts)</td>
 </tr>
 <tr>
 <td>ETH liquidations</td>
 <td>$197.53 million (58.1% shorts)</td>
 </tr>
 <tr>
 <td>Largest single order</td>
 <td>$38 million, ETH-USDT on HTX</td>
 </tr>
 </tbody>
 </table>
</div>
Traders betting against Bitcoin felt the most pain. Binance had the largest exchange share at 39.3%.<img alt="Short Sellers Take the Hit as Liquidations Reach $715 Million" src="https://d3iuzwoiyg9qa8.cloudfront.net/webadmin/storage/public/commonEditerImage/jPp7pikhth2hnJAnMRVsL1jxwZhSYOOjp4RP5XjO.jpg" width="300" height="609" title="Short Sellers Take the Hit as Liquidations Reach $715 Million">
<h2 id="span-span-style-font-size-16px-fear-and-greed-index-climbs-back-to-neutral-span-span">Fear and Greed Index Climbs Back to Neutral</h2>
The <a href="https://alternative.me/crypto/fear-and-greed-index/" rel="noopener noreferrer nofollow">Crypto Fear and Greed Index</a> rose to 50 on November 5, 2026. That is neutral. It was 34 (fear) a day earlier and 51 last week.
Last month, the reading was 73, which showed strong greed. So the mood has cooled, but the Crypto Rally has pulled it off the lows.<img alt="Fear and Greed Index Climbs Back to Neutral" src="https://d3iuzwoiyg9qa8.cloudfront.net/webadmin/storage/public/commonEditerImage/yASbezTIo22bi5ja6aB9PdPIept7zBm3hBjNpbCW.jpg" width="300" height="331" title="Fear and Greed Index Climbs Back to Neutral">
<h2 id="span-span-style-font-size-16px-bitcoin-price-outlook-can-bulls-target-86-000-span-span">Bitcoin Price Outlook: Can Bulls Target $86,000?</h2>
BTC is holding near $80,580. Buyers need to defend the $80,000 to $80,500 zone first.
<div>
 <table>
 <colgroup>
 <col width="118">
 <col width="291">
 <col width="287">
 </colgroup>
 <tbody>
 <tr>
 <td>Scenario</td>
 <td>What Needs to Happen</td>
 <td>Levels in Focus</td>
 </tr>
 <tr>
 <td>Bullish</td>
 <td>BTC holds $80,000 to $80,500</td>
 <td>$82,000 to $84,000, then $86,000</td>
 </tr>
 <tr>
 <td>Bearish</td>
 <td>Rejection at $82,000 to $84,000</td>
 <td>$78,000, then $76,000</td>
 </tr>
 <tr>
 <td>Deeper drop</td>
 <td>Break below $76,000</td>
 <td>$74,000, then $72,000</td>
 </tr>
 </tbody>
 </table>
</div>
A daily close above the channel top would strengthen the reversal case.
<h2 id="span-span-style-font-size-16px-ethereum-price-outlook-pennant-pattern-near-resistance-span-span">Ethereum Price Outlook: Pennant Pattern Near Resistance</h2>
ETH is forming a pennant pattern on the hourly chart. A breakout should set the next trend.
The nearest resistance is $2,450 to $2,550, about 1% to 5% above the current price. Support sits at $2,226, about 8% below.
<div>
 <table>
 <colgroup>
 <col width="104">
 <col width="420">
 <col width="157">
 </colgroup>
 <tbody>
 <tr>
 <td>Scenario</td>
 <td>What Needs to Happen</td>
 <td>Level in Focus</td>
 </tr>
 <tr>
 <td>Bullish</td>
 <td>Clean break above resistance with steady ETF inflows</td>
 <td>$3,000</td>
 </tr>
 <tr>
 <td>Neutral</td>
 <td>Choppy trade inside the range</td>
 <td>$2,226 to $2,550</td>
 </tr>
 <tr>
 <td>Bearish</td>
 <td>Rejection at resistance, then a break below the bounce low</td>
 <td>Below $2,226</td>
 </tr>
 </tbody>
 </table>
</div>
A daily close above resistance would put $3,000 in view, roughly 24% higher.
Trader Tardigrade sees an inverse head and shoulders on the weekly ETH dominance chart. A neckline break would confirm it, but it is not a sure thing.
<a href="https://x.com/JavonTM1/status/2118011587315515562" rel="noopener noreferrer nofollow">Analyst Javon Marks sees</a> a possible move of nearly 100% back to $4,811.71, with $8,500 in play above that. ETH must clear $3,000 first, and every step carries risk.<img alt="Analyst Javon Marks sees a possible move of nearly 100%" src="https://d3iuzwoiyg9qa8.cloudfront.net/webadmin/storage/public/commonEditerImage/NjRNeQPCR50zwymTMMwJGpM18fl7c2Ci1fo5jDCI.jpg" width="300" height="461" title="Analyst Javon Marks sees a possible move of nearly 100%">
<h2 id="span-span-style-font-size-16px-xrp-price-outlook-1-30-is-the-pivot-span-span">XRP Price Outlook: $1.30 Is the Pivot</h2>
XRP rose 3% in the bounce. A daily close above $1.30 would confirm a breakout.
<div>
 <table>
 <colgroup>
 <col width="145">
 <col width="112">
 <col width="252">
 </colgroup>
 <tbody>
 <tr>
 <td>Level</td>
 <td>Type</td>
 <td>What It Means</td>
 </tr>
 <tr>
 <td>$1.20</td>
 <td>Support</td>
 <td>Lower end of whale zone</td>
 </tr>
 <tr>
 <td>$1.23</td>
 <td>Support</td>
 <td>Channel low bounce</td>
 </tr>
 <tr>
 <td>$1.27</td>
 <td>Support</td>
 <td>Session low to defend</td>
 </tr>
 <tr>
 <td>$1.30</td>
 <td>Pivot</td>
 <td>Daily close confirms breakout</td>
 </tr>
 <tr>
 <td>$1.3234</td>
 <td>Resistance</td>
 <td>First hurdle</td>
 </tr>
 <tr>
 <td>$1.3551</td>
 <td>Resistance</td>
 <td>Second hurdle</td>
 </tr>
 <tr>
 <td>$1.40</td>
 <td>Resistance</td>
 <td>Next target</td>
 </tr>
 <tr>
 <td>$1.48 to $1.50</td>
 <td>Resistance</td>
 <td>Major daily chart level</td>
 </tr>
 </tbody>
 </table>
</div>
If <a href="https://www.coingabbar.com/en/xrp-breaks-falling-channel-as-whales-hit-2026-high-is-1-40-next" rel="noopener noreferrer nofollow">buyers fail at the trendline</a>, XRP may slide back into the channel, with support near $1.28 and $1.23. A drop under $1.20 would weaken the whale story.
<h2 id="span-span-style-font-size-16px-is-the-crypto-rally-sustainable-span-span">Is the Crypto Rally Sustainable?</h2>
History offers some support. Bitcoin has averaged a 54% gain in the 12 months after each of the three previous midterms.
But risks remain. Regulation could turn tougher, and the short squeeze may have flattered the move. Many of the targets above need strong volume to hold.
For now, the Crypto Rally looks like a recovery inside a range. The next daily closes at $80,000 for BTC and $2,550 for ETH may tell more.
<h2 id="span-span-style-font-size-16px-disclaimer-span-span">Disclaimer</h2>
This article is for information only and is not financial advice. Cryptocurrency prices are highly volatile, and you can lose some or all of your money. Price levels and scenarios are not guarantees. Do your own research and speak to a licensed financial advisor before you invest.

Crypto Rally: Bitcoin, ETH, XRP Surge After US Democrats' Midterm Wins

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