{
  "id": 17922742,
  "title": "Bitcoin slips to over 1-mth low of $76.5k as U.S. midterm caution weighs",
  "url": "https://urgent.news/2026/11/03/bitcoin-slips-to-over-1-mth-low-of-76-5k-as-u-s-midterm-caution-weighs",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-03T06:41:10.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/cryptocurrency-news/bitcoin-slips-to-over-1mth-low-of-765k-as-us-midterm-caution-weighs-4993602"
  },
  "original_language": "en",
  "account": "On Tuesday, Bitcoin plummeted to its lowest level in over a month, hitting $76,565.9, marking a 2% drop. The cryptocurrency experienced its most significant decline since early September and sustained a loss of over 6% in October. The dip was attributed to uncertainty surrounding the U.S. regulatory outlook following the midterm elections.\n\nTraders became cautious due to concerns over the political climate post-election, which might impact cryptocurrency regulations. Earlier this week, Binance, the world's largest crypto exchange, reported a $6 billion theft of its crypto holdings. The exchange has since resumed withdrawals on a staggered basis and assured that all customer losses will be covered.\n\nAdditionally, a significant outflow from spot exchange-traded funds also contributed to the pressure on Bitcoin. Institutional investors were reacting to the Binance hack, causing further sell-offs. The broader tech market also suffered a setback, adding to the crypto market's downward pressure.\n\nThe upcoming U.S. midterm elections, which will take place later on Tuesday, added to the market's trepidation. These elections could shape the regulatory landscape for the remainder of President Donald Trump's term. The incumbent president and the Republican party are dealing with low approval ratings, primarily due to high energy prices, corruption allegations, and the ongoing war with Iran.\n\nA potential Democrat sweep in Congress, where Republicans currently hold a dual majority, would likely block any further pro-crypto legislation for the next two years. This development unsettled the crypto market, leading to a mass sell-off. Most altcoins, including Ethereum, XRP, Solana, Binance Coin, Dogecoin, and $TRUMP, also experienced steep losses over the past month.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}