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. 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.

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