[CoinDesk] Bitcoin knocks on $78,000 in V-shaped comeback as midterm election uncertainty f...

Bitcoin climbed toward $78,000 on Wednesday, staging a V-shaped recovery as uncertainty around the U.S. midterm elections began to clear. The rebound marks a sharp reversal from the pre-election pullback, with the largest cryptocurrency pressing against the $78,000 level. The move comes as traders rotate back into risk assets once the electoral outcome removes a key overhang for markets. Bitcoin's advance is being watched as a signal for broader crypto sentiment, with altcoins and exchange volumes likely to follow if the momentum holds. Traders will now focus on whether BTC can decisively break and hold above $78,000, or whether the rally stalls at resistance.