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Bitcoin Price Holds $76.3K Lows Into US Midterms Week
A 12% rout in U.S. chipmakers and weaker Asian stocks pushed crypto lower, while traders eyed U.S. midterm election results.
- Bitcoin holds above $77,000, reclaiming its 100-week EMA of $77,759, despite falling briefly under $77,000 as of Tuesday Asian morning hours ahead of Midterms.
- Kalshi traders assign Democrats a 93.6% chance of winning control of the House ahead of Midterms, while Bitcoin ended the fourth quarter lower in each of the past three midterm election years, falling 43.5% in 2018.
- Bitcoin remains supported near $76,300, holding above its 100-day moving average, with the 100-day SMA rising to $76,548; Rekt Capital compares current price action to the 2023 recovery.
- Markets await economic Data including October payrolls on Friday, with 20% of S&P 500 companies reporting earnings, including Apple and Palantir, while traders monitor December Fed rate expectations.
- Economist Mohamed El-Erian described markets as "acutely sensitive" to tech-sector news headlines, noting focus on capital expenditures and ROI; investors remain cautious as Midterms results arrive while Asian markets open.
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Bitcoin drops below $77,000 as chip rout deepens ahead of U.S. midterm vote
·New York, United States
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cryptocrunchapp.comBitcoin Price Trades Near $77,500 As Midterm Voting Begins
Bitcoin price trades near $77,500 as midterm voting begins, pressured by a record $6.3 billion Binance hack, ETF outflows, a Fed leaning toward a December hike and oil above $100 on Iran tensions.
Bitcoin (BTC) entered the 2026 United States midterm election day approximately 5.2 percent above its 200-day moving average; in the previous three midterm elections, the price never crossed above this line...
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Total News Sources29
Leaning Left0Leaning Right0Center2Last UpdatedBias Distribution100% Center
Bias Distribution
- 100% of the sources are Center
100% Center
C 100%
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