Bitcoin Slips Below $77,000 as Chip Rout Deepens and Midterm Results Loom
Bitcoin dropped under $77,000 on 3 November 2026 as a chipmaker rout and U.S. midterm election uncertainty triggered a broad crypto sell-off...
Morning market briefing
Bitcoin starts the session below $77,000 as ETF outflows, Binance fund scrutiny and U.S. jobs data sharpen the risk map.
Bitcoin dropped under $77,000 on 3 November 2026 as a chipmaker rout and U.S. midterm election uncertainty triggered a broad crypto sell-off...
Executive scan
The morning tape is risk-off: Bitcoin slipped under $77,000 amid a broader crypto sell-off tied in coverage to chip-sector weakness and U.S. midterm uncertainty. ETF flows add pressure, with reports of $399 million in U.S. Bitcoin ETF outflows, $140 million from Ether funds, and $405 million of Bitcoin sold by BlackRock as IBIT redemptions built.
Binance remains the central risk story. CoinDesk reports the exchange has spent about $580 million worth of SAFU bitcoin, leaving the user protection fund below the $800 million top-up threshold in Binance’s own rules, while separate coverage notes withdrawals have resumed and fake compensation offers are circulating. Stablecoin plumbing is also active: Kraken added native USDG transfers on Arbitrum, and Circle’s November 4 results put USDC growth and reserve economics on watch.
Market read
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Market watch
ETF redemptions, Bitcoin’s $77,000 break and upcoming U.S. jobs data set the early market tone.
Policy and risk
Binance security messaging, SAFU fund levels and impersonation scams keep operational risk high on the desk.
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