Bitcoin Reclaims $80,000 as Riot Reports Q3 Earnings
Photo: ETHNews
Bitcoin recovered 4.15% on November 4, with short liquidations intensifying the rebound after the U.S. midterm elections. Riot sold 20,264 BTC during the first nine months of 2026, redirecting capital toward AI infrastructure. RSI has recovered above 50, while MACD remains negative, leaving Bitcoin’s daily trend reversal unconfirmed. Bitcoin rebounded above $80,000 on Wednesday as leveraged short positions were liquidated, while Riot Platforms’ third-quarter earnings revealed how one of the largest publicly traded miners is financing its expansion into artificial intelligence infrastructure. At the time of writing BTC rose 4.15% to $80,549.65.
Source: ETHNews
