Blue Wave Hits, But Bitcoin Is Bouncing

Daily video by Korra · 4 November 2026

The votes are in: Democrats have swept the US House and Senate. On Monday, I told you the prediction markets were calling this outcome. Today, the markets…

Transcript

The votes are in: Democrats have swept the US House and Senate. On Monday, I told you the prediction markets were calling this outcome. Today, the markets are waking up to that reality. But one major asset is refusing to play along, and that's the real story this morning.

The initial reaction was a textbook 'blue wave' trade: tech stocks are getting hammered. The Nasdaq is down nearly five percent on the week. Google is down a staggering twelve and a quarter percent. This is the market pricing in the risk of higher regulation and potential tax changes under a unified Democratic government.

But here's the twist: Bitcoin tumbled on the headline... and then it bounced. Right now, Bitcoin is actually up one and a quarter percent on the day, trading around seventy-eight thousand two hundred. While tech is pricing policy pain, Bitcoin is showing a completely different reaction. This isn't just noise; it's a potential decoupling.

The election may be over, but this repricing across assets is just getting started. I'm tracking the market's post-election reaction live on korra dot finance. Watch Bitcoin — if it holds this bid while tech bleeds, it confirms the decoupling is real.

Information only, not investment advice.