ZEC Explodes by 13% Daily as BTC Price Reclaims $78K After Midterm Elections: Market Watch

After the US midterm elections, in which Democrats won convincingly, bitcoin fell to a seven-week low of $75,600 before rebounding to $78,500 on November 4. Its earlier volatility followed a $6.3 billion compromise of Binance, the leading exchange, in what the text calls the largest crypto hack by dollar value; bitcoin had fallen from $81,000 to $76,400 before further swings. Most other cryptocurrencies gained after the elections. ZEC led with a 14% daily surge to well over $1,300, while Ethereum rose past $2,300, XRP gained 3% toward $1.30, and NEAR rose 7% to reclaim $4.00.