Why is Bitcoin price down today (November 3)?

cryptonews11-03 14:40

Bitcoin (BTC) price has fallen below $77,000 on November 3, as renewed institutional withdrawals, leveraged liquidations and weakness in global technology stocks have pressured cryptocurrency markets....

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy is Bitcoin price down today (November 3)?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-11-03 14:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://crypto.news/why-is-bitcoin-price-down-today-btc-76000-support/><strong>cryptonews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Bitcoin (BTC) price has fallen below $77,000 on November 3, as renewed institutional withdrawals, leveraged liquidations and weakness in global technology stocks have pressured cryptocurrency markets....</p>\n\n<a href=\"https://crypto.news/why-is-bitcoin-price-down-today-btc-76000-support/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BTCO","symbol_name":"比特币ETF-Invesco Galaxy","start_time":0,"source_url":"https://crypto.news/why-is-bitcoin-price-down-today-btc-76000-support/","article_id":"2680124917","we_media_id":null,"thumbnails":[],"rights":{"source":"crypto_news_highlight","url":"https://crypto.news/why-is-bitcoin-price-down-today-btc-76000-support/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2680124917","pubTimestamp":1793688023,"columns":[],"sourceInfo":{"source_id":"crypto_news_highlight","name":"Crypto News"},"weMediaInfo":null,"summary":"Bitcoin  price has fallen below $77,000 on November 3, as renewed institutional withdrawals, leveraged liquidations and weakness in global technology stocks have pressured cryptocurrency markets.Bitcoin price has fallen 2.19% to $76,455.56, extending its seven-day decline to 3.59%.U.S. spot Bitcoin ETFs recorded $398.6 million in outflows on November 2, following $643.3 million on October 30.Bitcoin liquidations reached $88.83 million over 24 hours as leveraged traders faced further selling pressure.Weakness in technology stocks and uncertainty surrounding the November 3 U.S. midterm elections weighed on market sentiment.Bitcoin price prediction levels place immediate support near 76,400–76,500, with resistance around $78,000 and $79,500.Tuesday’s decline erased Monday’s brief recovery, leaving Bitcoin below the $77,600 area it tested late Sunday. The latest decline coincided with falling Asian equities and investor caution ahead of the U.S. midterm elections.Asian equity markets fell ","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"BTCO":"比特币ETF-Invesco Galaxy","BITY":"Amplify Bitcoin 2% Monthly Option Income ETF","CBOO":"Calamos Bitcoin Structured Alt Protection ETF - October","HODL":"比特币ETF-VanEck","CBTO":"Calamos Bitcoin 80 Series Structured Alt Protection ETF - October","YBTC":"比特币看涨期权ETF-Roundhill","BFJL":"FT Vest Bitcoin Strategy Floor15 ETF - July","CBTY":"Calamos Bitcoin 80 Series Structured Alt Protection ETF - July","MNRS":"GRAYSCALE BITCOIN MINERS ETF","CBXA":"Calamos Bitcoin 90 Series Structured Alt Protection ETF – April","MAXI":"比特币期货ETF-Simplify","BITI":"1倍做空比特币期货ETF-Proshares","CBOY":"Calamos Bitcoin Structured Alt Protection ETF - July","BTCZ":"T-Rex 2X Inverse Bitcoin Daily Target ETF","CBTJ":"Calamos Bitcoin 80 Series Structured Alt Protection ETF - January","BAGY":"Amplify Bitcoin Max Income Covered Call ETF","CBXO":"Calamos Bitcoin 90 Series Structured Alt Protection ETF - October","SBIT":"2倍做空比特币期货ETF-Proshares","BTCC":"Grayscale Bitcoin HIGH Income ETF","BPI":"Grayscale Bitcoin Premium Income ETF","BFAP":"FT Vest Bitcoin Strategy Floor15 ETF - April","ARKB":"比特币ETF-21Shares","CBXY":"Calamos Bitcoin 90 Series Structured Alt Protection ETF - July","CBOA":"Calamos Bitcoin Structured Alt Protection ETF - April","BITU":"2倍做多比特币期货ETF-Proshares","BTCI":"NEOS Bitcoin High Income ETF","DFII":"FT Cboe Vest Bitcoin Strategy & Target Income ETF","CBOJ":"Calamos Bitcoin Structured Alt Protection ETF - January","CBTA":"Calamos Bitcoin 80 Series Structured Alt Protection ETF – April","BCCC":"Global X Bitcoin Covered Call ETF","BTCL":"T-REX 2X LONG BITCOIN DAILY TARGET ETF","XBTY":"GraniteShares YieldBOOST Bitcoin ETF"},"translate_title":"为什么比特币价格今天（11月3日）下跌？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BAGY":0.6,"DFII":0.6,"BTCL":0.76,"MNRS":0.76,"CBOY":0.6,"ARKB":0.6,"XBTY":0.6,"BTCZ":0.76,"BTCC":0.6,"BFJL":0.6,"SBIT":0.6,"CBOA":0.6,"BPI":0.6,"BTCO":0.6,"CBXY":0.6,"CBOJ":0.6,"BTCI":0.76,"BITU":0.6,"CBXA":0.6,"BFAP":0.6,"CBOO":0.6,"CBTA":0.6,"HODL":0.6,"MAXI":0.76,"CBXO":0.6,"CBTY":0.6,"CBTJ":0.76,"CBTO":0.6,"YBTC":0.76,"BITY":0.6,"BCCC":0.6,"BITI":0.6},"content_text":"Bitcoin (BTC) price has fallen below $77,000 on November 3, as renewed institutional withdrawals, leveraged liquidations and weakness in global technology stocks have pressured cryptocurrency markets.\n\n\nSummary\n\n\n\nBitcoin price has fallen 2.19% to $76,455.56, extending its seven-day decline to 3.59%.\nU.S. spot Bitcoin ETFs recorded $398.6 million in outflows on November 2, following $643.3 million on October 30.\nBitcoin liquidations reached $88.83 million over 24 hours as leveraged traders faced further selling pressure.\nWeakness in technology stocks and uncertainty surrounding the November 3 U.S. midterm elections weighed on market sentiment.\nBitcoin price prediction levels place immediate support near 76,400–76,500, with resistance around $78,000 and $79,500.\n\n\n\nAccording to crypto.news market data, Bitcoin traded at around $76,460, down 2.19% over the previous 24 hours. Trading volume reached $26.62 billion, while the cryptocurrency’s market capitalization stood at $1.54 trillion.\nTuesday’s decline erased Monday’s brief recovery, leaving Bitcoin below the $77,600 area it tested late Sunday. The latest decline coincided with falling Asian equities and investor caution ahead of the U.S. midterm elections.\nBitcoin price falls as ETF outflows continue\nSelling pressure in U.S. spot Bitcoin exchange-traded funds has continued following the October 29 Binance security breach.\nData reported by SoSoValue showed that Bitcoin ETFs recorded $398.6 million in net outflows on November 2. BlackRock’s IBIT accounted for $405.3 million in withdrawals, exceeding the combined net outflow across the funds.\nBitcoin ETFs flows, source: SoSoValue\nOther products recorded smaller inflows that partly offset BlackRock’s redemptions. Fidelity’s FBTC attracted $6.68 million during the session.\nFriday’s withdrawals were even larger, with spot Bitcoin ETFs losing $643.3 million on October 30, their biggest single-day outflow since June.\nEthereum ETFs recorded another $140 million in net outflows on November 2, extending weakness across institutional cryptocurrency investment products.\nThe selling followed the record Binance security breach, which affected more than $6.3 billion in cryptocurrency assets.\nBlockchain investigators have continued tracking the stolen funds, although the exchange said it had replaced most affected customer assets.\nAs crypto.news reported on Monday, Bitcoin briefly recovered toward $78,000 following the initial sell-off.\nHowever, the recovery failed to regain the $80,000 level, leaving buyers struggling to reverse the recent losses.\nTechnology stocks and liquidations weigh on BTC\nBitcoin’s decline occurred alongside another downturn in global technology shares, particularly companies connected to artificial intelligence and semiconductor manufacturing.\nAsian equity markets fell Tuesday following losses among major U.S. technology stocks. Investors were preparing for the November 3 midterm elections, with results expected after voting ended.\nThe broader cryptocurrency market lost 1.92% over 24 hours, while Bitcoin declined slightly faster.\nSolana dropped roughly 3%, BNB slipped below $700, and Ethereum traded near $2,250. Hyperliquid’s HYPE fell around 5%.\nDerivatives activity added pressure as traders holding leveraged positions faced forced closures.\nAccording to CoinGlass, Liquidation data showed nearly $100 million in Bitcoin positions closed during the previous 24 hours, with long positions accounting for most losses.\nSuch liquidations occur when exchanges automatically close positions that no longer maintain enough collateral.\nAs Bitcoin falls, leveraged bullish traders can face additional selling when their positions are liquidated.\nBitcoin price prediction: can $76,400 support hold?\nTechnical indicators continue showing weakness on Bitcoin’s daily chart, with BTC forming lower highs and lower lows since early October.\nThe Relative Strength Index stood at 34.26, below its moving average of 41.67. The reading indicated weak buying momentum, although Bitcoin had not crossed the conventional oversold threshold of 30.\nBitcoin price chart, source: crypto.news\nIts Moving Average Convergence Divergence indicator remained negative, with the MACD line at -1,363.94 against a signal reading of -885.06.\nThe histogram stood at -478.88, showing that downward momentum had continued.\nCrypto analyst That Martini Guy identified $76,400 as an important level after Bitcoin failed to reclaim its previous support near $79,500.\n\n“The level I’m paying close attention to now is $76,400,” the analyst wrote.\n\nHe warned that losing this area on a convincing four-hour close could lead to further declines.\n\n“I wouldn’t be rushing to call a bottom just because BTC is testing support,” he added.\n\nA recovery above $79,500 would provide an early indication of improving momentum, according to his analysis.\nBitcoin faces resistance near $78,000 and $80,000\nImmediate Bitcoin support sits near $76,500, followed by $75,000 and the 50-week moving average around $75,602.\nA sustained decline below those levels could bring the $74,800 area into focus, while a recovery would first encounter resistance near $78,000.\nThe $79,500 and $80,000 levels remain additional obstacles following Bitcoin’s failed rebound earlier this week.\nAnother crypto analyst, Daan Crypto Trades, pointed to Bitcoin’s annual performance, noting that it has never recorded two consecutive negative yearly candles.\n\n“2026’s yearly open sits at $87.5K,” the analyst wrote.\n\nWith Bitcoin trading well below that level, its year-to-date performance remains negative at the current price.\n\n$BTC Has never closed 2 consecutive yearly candles in the red.2026's yearly open sits at $87.5K.Are we breaking the streak this year? Wouldn't be the first after the 4 year cycle has likely mostly broken in terms of performance & timing too at this point. pic.twitter.com/0mA5whC907— Daan Crypto Trades (@DaanCrypto) November 2, 2026\n\nThe market’s next major U.S. economic release is scheduled for November 6, when the October employment report is due.\n\n\n  \n\n            Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.        \n\n\n\n\n\n\n                Read more:\n            \n\n                Solflare enters ‘bunker mode’ after crypto attacks, restricts code access","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.52.1","shortVersion":"4.52.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2680124917","isCrawlerRequest":true}