Why is Bitcoin price down today (November 3)?

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. Summary 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. According 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. 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. m...