{"id":246975,"date":"2026-11-03T10:05:53","date_gmt":"2026-11-03T10:05:53","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=246975"},"modified":"2026-11-03T10:05:53","modified_gmt":"2026-11-03T10:05:53","slug":"zec-and-near-tank-again-btc-dives-ahead-of-us-midterm-elections-market-watch","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=246975","title":{"rendered":"ZEC and NEAR Tank Again, BTC Dives Ahead of US Midterm Elections: Market Watch"},"content":{"rendered":"

Bitcoin\u2019s 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 \u2018Uptober\u2019 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\u2019t 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\u2019s 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<\/p>\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

<\/a>Cryptocurrency Market Overview November 3. Source: QuantifyCrypto<\/p>\n

\u00a0<\/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>","protected":false},"excerpt":{"rendered":"

Bitcoin\u2019s 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. Most altcoins have followed suit, with substantial losses seen in ZEC, NEAR, ENA, and several others. BTC Slips Below $77K The promise of […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-246975","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/246975"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=246975"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/246975\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=246975"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=246975"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=246975"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}