By Isaac • November 3, 2026 3:25 pm •
Bitcoin is under pressure, but the market has not turned a trip below $77,000 into a full breakdown.
The largest cryptocurrency steadied after touching roughly $76,300, leaving traders to weigh three competing forces at once: fresh money leaving U.S. spot Bitcoin ETFs, uncertainty around the midterm elections and a spot market that has continued to absorb aggressive selling from derivatives traders.
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CoinDesk reported that Bitcoin stabilized after touching roughly $76,300 as traders weighed political gridlock and continued redemptions from U.S. spot Bitcoin ETFs. The move left the mid-$70,000 range in focus as a live support test rather than a settled floor.
The market was trying to absorb several pressures at the same time. Election uncertainty was
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