CryptoSlate reports that Bitcoin's price rose above $81,000 following the US elections, recovering from around $75,600 on November 4. Gold also saw a significant increase, with futures climbing 3.4% to $4,061.10, marking its largest daily gain in three months. This rally has led to speculation that investors are seeking refuge from a weakening US dollar. However, a $378 million short squeeze raises questions about the sustainability of this trend.
Based on the CryptoSlate report; not independently verified.
Source published: Thu, 05 Nov 2026 09:50:59 +0000
[Read the original report](https://cryptoslate.com/bitcoin-and-gold-surge-after-us-elections-but-378-million-short-squeeze-casts-doubt-on-debasement-trade/)
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