TL;DR Bitcoin price risks another drop as it fell below $77,000 on Monday despite a sharp decline in oil prices fueled by hopes of a diplomatic resolution to the US-Iran conflict. BTC failed to break above $78,500, raising concerns about another move lower. Analysts warn that Bitcoin could fall below $76,000 if bearish momentum continues.
Bitcoin made modest gains at the start of Wall Street trading on Tuesday as markets awaited cues from the US midterm elections.
November 3, 2026, 3:44 pmNovember 2 ETF redemptions add a demand concern as Bitcoin's latest decline follows a drop in real yields through October 30.
November 3, 2026, 3:30 pm
▶Bitcoin Magazine Andrew Hohns: Why Bitcoin Can Fix America’s Debt Spiral Battery Finance’s Andrew Hohns explains why taxes won’t fix the $40T debt, how a Bitcoin reserve defeases it, and why Treasury should pilot BitBonds.
LDK’s October 25 fix rejects a funding-location lookup used by a probe requiring connections to both endpoints of an unannounced channel.
US-listed spot Bitcoin exchange-traded funds recorded a combined $398.6 million net outflow on November 2, according to Farside Investors’ daily fund table.
Bitcoin's potential recovery may face hurdles from geopolitical tensions and monetary policy, impacting investor confidence and market dynamics.
U.S. bitcoin ETFs opened November with $398.62 million in net outflows, extending the heavy selling that closed October. Ether funds lost another $139.80 million, while Zcash, HYPE and XRP also started the month in negative territory. Blackrock Drives $399M Bitcoin ETF Exit November began with institutional investors still clearing risk from their books.
Despite favorable election outcomes, macroeconomic factors like global liquidity and regulatory clarity will continue to shape Bitcoin's future.
TL;DR Bitcoin faces more losses as it heads toward a potential fifth consecutive weekly decline, extending its slide from around $87,000 to near $76,500. Uncertainty surrounding the US midterm elections is keeping investors cautious about risk-sensitive assets, including cryptocurrencies.
ISM’s production index reached 59.0 as factory price increases became less widespread, leaving growth and funding signals in tension.
Bitcoin Magazine Bitcoin Price Trades Near $77,500 as Midterm Voting Begins Bitcoin price trades near $77,500 as midterm voting begins, pressured by a record $6.3 billion Binance hack, ETF outflows, a Fed leaning toward a December hike and oil above $100 on Iran tensions.
$77,608.00 +0.27%
$1.56T Market Cap
$27.98B Total Volume (1.79%)
$126,080 All Time High -38.45%
until new daily candle
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