What happened in this Finance story?

Bitcoin held above its 100-day moving average into a week shaped by U.S. midterm voting, jobs data, Federal Reserve policy expectations and Apple and Palantir earnings, keeping the recent $76,300 low in focus.

What is a key fact in this story? (1)

**Bitcoin** closed October down 7.3%, its weakest October since 2014, and was down 6.4% for the quarter as of Monday; its prior midterm-year fourth quarters fell 17.3% in 2014, 43.5% in 2018 and 14.8% in 2022, each coinciding with a Bitcoin bear market.

What is a key fact in this story? (2)

**Kalshi** put Democrats’ chances of winning the House at 93.6% before Tuesday’s election, while Trump said he would use his veto power if Democrats took control of Congress.

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BTC heads into US midterm showdown: Three things to know in Bitcoin this week — SkimNews

By Cointelegraph · Summarized & edited by Kapil Samant · 2026-11-02

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Bitcoin closed October down 7.3%, its weakest October since 2014, and was down 6.4% for the quarter as of Monday; its prior midterm-year fourth quarters fell 17.3% in 2014, 43.5% in 2018 and 14.8% in 2022, each coinciding with a Bitcoin bear market.
Kalshi put Democrats’ chances of winning the House at 93.6% before Tuesday’s election, while Trump said he would use his veto power if Democrats took control of Congress.
CME Group’s FedWatch tool showed a 25-basis-point December rate hike by the Federal Reserve priced at 67%-75% over the past month, while October payrolls were forecast to add 65,000 after September added 29,000.
Apple and Palantir were due to report after Monday’s close, with 20% of S&P 500 companies due to report in the coming days and markets focused on AI capital spending, return on investment and revenue growth after last week’s tech sell-off.
Bitcoin held above its 100-day simple moving average at $76,548 without retesting last week’s roughly $76,300 low, and reclaimed the 100-week exponential moving average at $77,759.
Benjamin Cowen said midterm-year fourth-quarter dumps usually provide buying opportunities for those who sold long ago, and in July linked Bitcoin bear-market bottoms to the second half of midterm years.
Rekt Capital compared the weekly chart with Bitcoin’s rebound from the 2022 bear-market low, identified right-shoulder support near $76,300 and was watching for a brief move below that level.

Why it matters: Bitcoin traders face three concrete tests this week: a House election priced at 93.6% for Democrats, October payrolls forecast at 65,000, and Apple/Palantir earnings after Monday’s close. A 25-basis-point December Federal Reserve hike remains priced at 67%-75%, while a soft jobs result was described as supporting dovish policy and bullish crypto liquidity.