Bitcoin Falls Below $77,000, Ethereum, XRP, Dogecoin Flat Ahead of Midterms - Benzinga
Benzinga Staff Writer Khyathi Dalal
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November 2, 2026 3:46 PM | 2 min read
Bitcoin held near $77,000 despite significant net outflows from spot Bitcoin ETFs as investors braced for Tuesday’s U.S. midterm elections.
Cryptocurrency Tickers and Prices (as of close):
- Bitcoin (CRYPTO: BTC) - $76,783 (-1.84%)
- Ethereum (CRYPTO: ETH) - $2,244 (-1.18%)
- Solana (CRYPTO: SOL) - $91.39 (-3.18%)
- XRP (CRYPTO: XRP) - $1.25 (-0.08%)
- Dogecoin (CRYPTO: DOGE) - $0.07374 (-2.27%)
- Shiba Inu (CRYPTO: SHIB) - $0.000005 (-3.42%)
Notable Statistics:
- Coinglass data shows 67,742 traders were liquidated in the past 24 hours for $226.49 million.
- SoSoValue data shows net outflows of $643.3 million from spot Bitcoin ETFs on Friday. Spot Ethereum ETFs saw net outflows of $155.9 million.
Top Losers in the Past 24 Hours:
- Rain
- NEAR Protocol
- Ethena
Notable Developments:
- Bitwise puts Bitcoin’s ‘fair value’ at $197,000, citing 3 catalysts for a rally.
- Bitcoin bulls say ‘bottom’s in’ but bears eye $73,000 ahead of midterms.
- XRP drops 16% in a month but ETF inflows, stablecoin growth signal strength.
- Bitmine adds 8,573 ETH as Tom Lee cites 6 bullish factors for ETH.
Trader Notes:
Bitcoin faces mounting macroeconomic pressure ahead of the U.S. midterm elections tomorrow, with potential Fed rate hikes, weakening tech stocks, and growing recession risks threatening risk assets.
Interviews and Analysis:
- Mike McGlone, Bloomberg Intelligence strategist, warns Bitcoin’s recent weakness could signal a broader market correction.
- Mario Innecco, macro analyst, argues rising government debt and persistent monetary inflation could eventually benefit gold and other hard assets.
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