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Bitcoin trades near USD 76,500 as US midterm voting begins.
Figure Heloc and TRON lead gains, while Zcash and Hyperliquid lead losses.
Support near USD 76,000 and resistance near USD 78,500 stay in focus.
Bitcoin trades near USD 76,529 on November 3 as US midterm voting begins. The largest cryptocurrency fell 2.2% in 24 hours, and USD 78,500 now caps rallies.
Zcash slid 11.1%, leading the top coins' losers. Figure Heloc and TRON posted the only gains, while traders waited for election results.
Bitcoin trades at USD 76,529.42, down 2.2% in the past 24 hours, according to CoinGecko. Its market capitalization stands near USD 1.54 trillion, while 24-hour volume reached USD 26.59 billion. The price remains 3.6% lower over seven days.
Prateek Gupta, Head of Business at Mudrex, said Bitcoin shows little recovery ahead of the US midterms. Spot ETFs saw USD 643 million in outflows on Friday, their largest since June. Strategy resumed buying with 811 BTC. He said Bitcoin must reclaim USD 78,500, while USD 76,000 remains key support.
CoinSwitch Markets Desk said Bitcoin faces selling pressure within the USD 77,000 to USD 78,000 range. Institutional outflows and midterm uncertainty weigh on risk appetite. The desk sees USD 77,000 to USD 77,500 as critical support. A sustained move above USD 79,000 to USD 80,000 could signal improving momentum.
Vikram Subburaj, CEO of Giottus.com, said Bitcoin faces pressure after the late October selloff. Immediate support sits near USD 77,200, with resistance around USD 78,600. Ethereum, BNB and Solana remain under pressure, while XRP and TRON show resilience. He advises staggered entries and modest position sizes until ETF flows improve.
Nischal Shetty, Founder of WazirX, said Bitcoin slipped below USD 77,000 as long liquidations mounted. CoinGlass recorded USD 365.90 million in liquidations, with longs making up 83.8%. Perpetual open interest climbed 26.65% to USD 362.52 billion, while perpetual volume rose 97.90% to USD 740.82 billion.
Also Read: Why are Bitcoin, Precious Metals and Stocks Falling Together?
Source: CoinGecko, prices as of today's session.
Figure Heloc led the gainers with a 3.0% rise, while TRON added 2.1%. Tether and USDC stayed flat. Zcash topped the losers with an 11.1% drop, followed by Hyperliquid at 5.7% and Solana at 3.5%.
Binance will release additional assets for withdrawal from 04:00 UTC on Tuesday as security checks conclude. The first reopening took place on November 1, with phased access beginning with Bitcoin. Net customer outflows reached USD 3.64 billion that day.
Binance says it has covered 95% of the USD 6.3 billion hack. Heavy withdrawals test spot liquidity across major pairs. Traders will watch whether outflows slow as more tokens go live. Bitcoin already reflects that caution.
Elliptic found that stolen Binance funds passed through about 12,000 wallets in under four days. The operation spanned 11 blockchains. The firm judged that only a negligible amount had likely been cashed out.
TRM Labs linked the theft to North Korea's TraderTraitor group, and the FBI says it is engaged with partners. Pyongyang denies the allegations. Binance froze roughly USD 3 billion of affected assets.
A Form 8-K filed on November 2 shows Strategy bought 811 BTC for USD 65.5 million. Purchases ran from October 26 to November 1 at an average of USD 80,846. Holdings now total 849,327 BTC.
Strive also added 124 BTC, taking its total to 43,124 BTC. Strategy spent USD 208.2 million on STRC buybacks over the same week. Its average cost sits above today's price.
CoinDesk reports Bitcoin fell below USD 77,000 as a chip stock rout deepened before the midterm vote. CoinGecko data shows a 24-hour range of USD 76,600 to USD 78,600. Price now sits near the bottom of that band.
Nasdaq fell 1.07% and the S&P 500 lost 0.51%, according to WazirX. The Dow gained 0.41%, so pressure sat mostly on technology shares. Crypto weakness fits that cautious tone.
Voting for the US midterms is underway today. The crypto industry has spent about USD 170 million ahead of the elections, according to Altcoin Buzz. Prediction markets give Democrats a 94% chance of winning the House.
QCP priced implied volatility around the vote at 47%, with demand for downside protection remaining elevated. Market structure legislation could shift with the outcome. Hilbert Group's CIO warns Bitcoin may underestimate a Democratic win.
Bitcoin trades near USD 76,500, with USD 76,000 as key support and USD 78,500 as resistance. ETF outflows, election risk and December rate-hike odds near 74% cap rallies. Jobs data arrives November 6, so investors should favor staggered entries, modest sizing and low leverage.
What is the Bitcoin price today?
Bitcoin trades at USD 76,529.42, down 2.2% over 24 hours, per CoinGecko. Its market capitalization stands near USD 1.54 trillion, while 24-hour trading volume reached USD 26.59 billion across global exchanges.
Why is Bitcoin falling today?
Bitcoin slipped below USD 77,000 as Binance hack fallout, ETF outflows and elevated December rate-hike odds kept buyers cautious. Long liquidations added pressure, while midterm uncertainty and Friday's jobs data keep traders defensive.
Which coins moved the most today?
Zcash fell 11.1% among the top coins, while Hyperliquid dropped 5.7% and Solana lost 3.5%. Figure Heloc gained 3.0% and TRON added 2.1%, while Tether and USDC held flat across the broader market.
What should investors watch today?
Watch Bitcoin support near USD 76,000 and resistance near USD 78,500. US midterm results, ETF flows and the November 6 jobs report can keep volatility elevated for traders this week.
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