Bitcoin drops below $77,000 as tech rout and ETF outflows rattle crypto markets
Bitcoin sank toward $76,500 ahead of the U.S. midterm vote as a deep sell-off in technology stocks and more than $1 billion in two-day ETF outflows weighed heavily on digital assets.
Bitcoin slipped below $77,000 and hovered near $76,500 on Nov. 3, 2026, as voting began in the U.S. midterm elections, according to reports from CoinDesk and Analytics Insight. The retreat left the largest digital asset down 39% from its all-time high, data from CoinGecko showed, while account Crypto GEMs noted it marked an 11.5% drop over the past 30 days and four consecutive red weekly candles.[8][2][1][3]
The crypto decline tracked deepening losses across traditional equity markets. CoinDesk reported that the Nasdaq 100 slipped into a correction and dragged Asian equities down, while That Martini Guy and CryptoSavingExpert highlighted that the tech-heavy benchmark fell 10% from its peak and the U.S. semiconductor index dropped 12% over three sessions. Altcoins also felt the squeeze: Zcash slid nearly 10%, Solana fell about 3%, and BNB broke below $700, with Analytics Insight adding Hyperliquid to the list of top coins leading losses.[8][4][7][2]
Selling pressure was amplified by institutional fund redemptions. Investors pulled more than $1 billion from U.S.-listed Bitcoin funds across two consecutive trading sessions, according to Bloomberg data shared by StockMKTNewz. Trader Scott Melker warned that Bitcoin had broken down right ahead of Election Day, leaving leveraged long positions trapped on the wrong side of the market.[5][6]
Key facts
- Bitcoin dropped below $77,000 and traded near $76,500 as U.S. midterm voting began on Nov. 3, 2026.
- Bitcoin's drop brought it 39% below its all-time high and down 11.5% over the prior 30 days.
- Investors pulled over $1 billion from U.S.-listed Bitcoin funds across two trading sessions, including $399 million in ETF outflows on Nov. 2, 2026.
- The Nasdaq 100 fell 10% from its high into a correction, while the U.S. semiconductor index lost 12% across three sessions.
- Zcash fell nearly 10%, BNB dropped below $700, and Solana lost about 3% during the market decline.
Sources · 8 sources
- CO
CoinGecko@coingeckoPost on X ·
Bitcoin is now down 39% from its ATH after falling below $77,000 🔴 https://t.co/yG4PHy1OPS
Open source - AI
Analytics Insight@analyticsinmePost on X ·
𝐂𝐫𝐲𝐩𝐭𝐨 𝐏𝐫𝐢𝐜𝐞𝐬 𝐓𝐨𝐝𝐚𝐲: 𝐁𝐢𝐭𝐜𝐨𝐢𝐧 𝐒𝐥𝐢𝐩𝐬 𝐭𝐨 𝐔𝐒𝐃 𝟕𝟔,𝟓𝟎𝟎 𝐚𝐬 𝐔𝐒 𝐌𝐢𝐝𝐭𝐞𝐫𝐦 𝐕𝐨𝐭𝐢𝐧𝐠 𝐁𝐞𝐠𝐢𝐧𝐬 Can Bitcoin hold USD 76,000 as US midterm voting begins? Bitcoin trades near USD 76,500 while Zcash, Hyperliquid and Solana lead losses among the top coins. #Bitcoin #BTC #Crypto #CryptoNews #BitcoinPrice #CryptoMarket #Ethereum #XRP #Zcash #TRON #DigitalAssets #analyticsinsight #analyticsinsightmagazine Read More 👇 https://t.co/C4hOqiENI5
Open source - CG
Crypto GEMs 📈🚀@cryptogems555Post on X ·
Election Day 🗳️ $BTC $76.5K, down 11.5% in 30 days. 4 red weekly candles, still hanging on to the 50-week MA. ETFs pulled $399M yesterday. @CryptoMichNL is eyeing $75K for the long. Buying today or waiting for the results? 👇 https://t.co/x5ZTviXlOc
Open source - TM
That Martini Guy ₿@MartiniGuyYTPost on X ·
Bitcoin has slipped below $77K again as the tech stock sell-off deepens. The Nasdaq 100 has now fallen 10% from its high, while the US semiconductor index has suffered a 12% decline over three sessions. Crypto is feeling the pressure too. ZEC dropped nearly 10%, SOL lost around 3%, and BNB slipped below $700. This is a reminder that BTC is still heavily exposed to wider risk appetite. I want to see technology stocks stabilise before expecting a convincing recovery across crypto.
Open source - EV
Evan@StockMKTNewzPost on X ·
Investors pulled over $1 billion from US-listed Bitcoin funds over the last 2 trading sessions - Bloomberg https://t.co/es9s8a582T
Open source - TW
The Wolf Of All Streets@scottmelkerPost on X ·
Bitcoin broke down right before Election Day. About $1B left spot ETFs in two sessions, and leveraged longs got caught on the wrong side. Is this a healthy reset or something more serious? Let's find out with @RasterlyRock @AP_Abacus @TEXASOL61. Live at 9 AM ET: https://t.co/JZYS3OMQVM
Open source - C®
CryptoSavingExpert ®@CryptoSavingExpPost on X ·
Bitcoin has slipped below $77,000 as the tech sell-off deepens. The Nasdaq 100 is now 10% below its high, while the US semiconductor index has fallen 12% in three sessions. Crypto is feeling the pressure too. ZEC is down nearly 10%, SOL around 3%, and BNB has slipped below $700. It’s a reminder that Bitcoin doesn’t trade in isolation. When tech stocks weaken, broader risk appetite can take a hit too. We’ll be watching for technology stocks to stabilise before looking for a convincing recovery across crypto.
Open source - CO
CoindeskArticle ·
Bitcoin drops below $77,000 as chip rout deepens ahead of U.S. midterm vote ZEC tumbled nearly 10% and BNB fell under $700 as the Nasdaq 100 slid into a correction, dragging Asian stocks lower.
Open source