{"id":48563,"date":"2026-11-03T10:27:10","date_gmt":"2026-11-03T10:27:10","guid":{"rendered":"https:\/\/financialrush.com\/?p=48563"},"modified":"2026-11-03T10:27:10","modified_gmt":"2026-11-03T10:27:10","slug":"zec-and-near-tank-again-btc-dives-ahead-of-us-midterm-elections-market-watch","status":"publish","type":"post","link":"https:\/\/financialrush.com\/?p=48563","title":{"rendered":"ZEC and NEAR Tank Again, BTC Dives Ahead of US Midterm Elections: Market Watch"},"content":{"rendered":"

\n<\/p>\n

Bitcoin’s gradual recovery following the Binance hack came to an end over the past 12-18 hours or so, with the asset dropping below $77,000 once again ahead of the US midterm elections.<\/p>\n

Most altcoins have followed suit, with substantial losses seen in ZEC, NEAR, ENA, and several others.<\/p>\n

BTC Slips Below $77K<\/h2>\n

The promise of an ‘Uptober’ failed dramatically after the rejection at $85,000 on October 21 and the subsequent correction toward $80,000. Although BTC had dipped below that level on several occasions, it still managed to remain above it after the US Federal Reserve held rates unchanged last Wednesday.<\/p>\n

However, the devastating Binance hack that unfolded<\/a> on Friday put the final nail in the Uptober coffin, with BTC nosediving by several grand to a six-week low of $76,100. The asset tried to rebound almost immediately, and there were some positives over the weekend. It rebounded<\/a> further to $79,000 on Monday morning, but it was rejected there and couldn’t go through that level.<\/p>\n

It has been mostly downhill since then. The asset plunged to $76,400 once again earlier this morning alongside most of Wall Street, and more volatility is expected later today as the US midterm elections progress. History shows<\/a> that BTC tends to correct hard after these elections.<\/p>\n

For now, bitcoin’s market cap has declined to $1.540 trillion on CMC, while its dominance over the alts has slipped to just under 60%.<\/p>\n

<\/a>
BTCUSD November 3. Source: TradingView<\/figcaption><\/figure>\n

ZEC, NEAR Drop<\/h2>\n

ETH was rejected at $2,300 yesterday and has slipped to $2,260. BNB is once again below the $700 level, while XRP has defended the $1.25 support. TRX and XMR are slightly in the green, while HYPE, SOL, DOGE, LINK, and ADA are in the red.<\/p>\n

ZEC and NEAR lead in terms of daily losses today. The privacy token has tanked by 8.6% to under $1,150, while NEAR is down by 7.3% to $3.83. ENA follows suit with a 5.7% drop to $0.17, while RAIN is up by 5.6% to $0.065.<\/p>\n

The cumulative market cap of all crypto assets is down by $30 billion again to $2.580 trillion on CMC.<\/p>\n

\"Cryptocurrency<\/a>
Cryptocurrency Market Overview November 3. Source: QuantifyCrypto<\/figcaption><\/figure>\n

 <\/p>\n

The post ZEC and NEAR Tank Again, BTC Dives Ahead of US Midterm Elections: Market Watch<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n\n
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