As of early evening on Nov. 4, Bitcoin (CRYPTO:BTC) rose 3.64% to $80,156.15, Ethereum (CRYPTO:ETH) rose 6.58% to $2,421.50, and Solana (CRYPTO:SOL) rose 2.19% to $94.94.

What’s driving crypto markets

Cryptocurrency markets staged a broad recovery on Wednesday as the conclusion of the U.S. midterm elections helped ease political uncertainty that had weighed on risk assets in recent weeks. Bitcoin, which had fallen as low as $75,700 amid sustained selling pressure, rebounded above $80,000, while Ethereum led gains among major cryptocurrencies, climbing more than 6% to a two-week high above $2,400.

The recovery coincided with a broader rally across U.S. equities, as investors responded positively to…