News
Bitcoin and gold surge after US elections amid short‑squeeze doubts
Bitcoin rallied on November 4 alongside gold as investors sought protection from a weakening dollar, while equities rose and Treasury yields fell. $378 million in crypto short liquidations occurred, casting doubt on a sustained debasement trade. Spot Bitcoin ETF inflows hit $74.6 million, with Fidelity’s FBTC gaining $236.7 million and BlackRock’s IBIT losing $201.2 million. Aave and Lido saw $1.7 billion total DeFi capital drop after the Binance hack, with Aave TVL down $1.03 billion and Lido $713 million. Pro‑crypto candidates won 241 congressional seats, though impact on policy remains unclear.