Bitcoin Slips Below $77,000 as Investors Wait for US Midterm Results
Bitcoin trades under $77,000 as spot demand stays weak and ETFs record outflows after the $6.3 billion Binance hack, Dow Jones Newswires reports.
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what happened
Bitcoin dropped below $77,000 on Tuesday as investors stayed cautious ahead of the U.S. midterm elections. The cryptocurrency fell 0.2% to $76,554. Sentiment remains fragile after the $6.3 billion Binance hack late last week, according to Dow Jones Newswires.
Analysts expect the election outcome to set the direction for crypto markets this week. Nic Puckrin, founder of crypto research platform Coin Bureau, noted that bitcoin has historically sold off after midterms before rebounding. Traders are also worried about a possible flare-up in the Middle East.
Weak spot demand and concerns about U.S. tech stock valuations add pressure. Bitcoin ETFs, including the iShares Bitcoin Trust, saw net daily outflows of $643 million on Friday. Ether traded roughly flat near $2,250.
why it matters
Two factors matter for markets now: the U.S. election result and ETF flows. Without fresh inflows, political or Middle East headlines could deepen selling across crypto assets.
market impact
Bitcoin and ether: ETF outflows and cautious investors weigh on prices
- Bitcoin pressure down — weak spot demand and outflows from bitcoin ETFs
tags
instruments
sources
- Bitcoin Falls Below $77,000 as Investors Pull Back Ahead of Midterms — Dow Jones Newswires, 3 November 2026 at 09:10 UTC
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