Bitcoin drops below $77,000 as tech stocks sell off and election jitters rise

Community Trust Score Verified 84 % Real Verified 25 votes Updated 8 minutes ago Bitcoin fell below $77,000 on Tuesday, November 3, as investors reacted to continued selling in technology stocks and heightened uncertainty ahead of the US midterm elections. The cryptocurrency lost approximately 2% during Asian trading hours, erasing the brief price recovery seen the previous day. The decline in Bitcoin coincided with a sharp drop in semiconductor manufacturers. A major semiconductor index lost approximately 12% over three trading sessions, while the Nasdaq 100 fell around 10% from its recent peak, entering correction territory.