The day of the Midterm vote counting, which overwhelmed Trump, refutes those who expected further drops in the crypto market. In the last 24 hours, there has been a rebound, with most tokens in positive territory despite a Senate heading toward Democratic control.
Bitcoin and Ethereum are gaining ground, while the most noticeable movement comes from Zcash, driven alongside Monero by the privacy coin trend.
The crypto market rebounds after the Midterms
A Democratic Senate was expected to on cryptos, but right now the market is moving in the opposite direction. The heatmap shows 88 out of 100 tokens rising in the last 24 hours. Bitcoin records +2.52% and Ethereum +3.19%, while on Crypto Bubbles, Hyperliquid stands out at +3.94% among major cryptos. Bucking the trend, WLFI, the Trump-linked token, drops -3.57% on the day of the defeat.
André Dragosch, Head of Research at Bitwise Europe, also weighed in on the vote, predicting political chaos and stalemate in Washington. According to Dragosch, this instability could benefit Bitcoin, which is seen as an antifragile asset.
Privacy coins surge with Zcash and Monero
Privacy coins stand out during the Midterm vote counting, perhaps because those who fear stricter regulations are looking at less traceable assets. Zcash gains +14.5% in 24 hours thanks to anticipation for the NU7 upgrade. The network will reduce block times from 75 to 25 seconds, while 60% of fees will go into a security reserve.
Monero, on the other hand, is rising mainly due to regulatory factors. In early October, FinCEN, the US Treasury's anti-money laundering agency, withdrew its proposal for stricter rules on mixers—services that scramble funds. The decision reduced fears of new exchange delistings, which historically weigh on Monero.
Zcash up 151% in 2026
The ongoing rally brings ZEC's performance ($1,308 ▲ +11.64%) in 2026 to +151%. On the weekly chart, the year-to-date overview shows an initial downward phase. The price found a floor between February and late March around the support area of 175 USDT. From there, a rebound phase began, with a series of swings leading up to the mid-August acceleration. During those weeks, ZEC printed a first candle of +76% followed by another of +46%. This push then drove the price of ZEC to its annual high of 1,695 USDT in September.
ZEC halfway between support and resistance
From that peak, a three-week contraction phase began, marked by a 38% drop to the October low. The decline went on to test the support area of 1,088 USDT. Here the price halted and rebounded, touching the vector resistance of 1,370 USDT within two weeks. A pullback followed from that level, and today ZEC is trading higher, halfway between the support area and resistance.
Monero the best performer of November
Monero is trading at 639 USDT and is recording a +6.70% gain in November, the best move among the Top 10. On the weekly chart, the year-to-date overview for 2026 starts from the all-time high of 800 USDT reached in January. At that level, the price formed a shooting star, initiating a downward phase. The decline halted first in February and then in June around the 300 USDT area.
A bullish acceleration kicked off in July, driven by eight consecutive green weeks. The momentum then slowed near the resistance area of 540 USDT, where the price consolidated for several weeks. From there, a new leg up emerged, which now targets the 690 USDT area.
