Bitcoin Falls Below $77,000 as Crypto Markets Face Sharp Sell-Off

Markets dip as tech stocks and cryptocurrencies pull back ahead of U.S. midterms, fueling investor caution and increased volatility.

Bitcoin Falls Below $77,000 as Crypto Markets Face Sharp Sell-Off
Liberal News
Publish: 03.11.2026
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Cryptocurrency prices fell in Asian trading on Tuesday, with bitcoin slipping about 2% to just under $77,000, erasing gains from Monday. The drop pushed bitcoin below the roughly $77,600 it tested late Sunday before a short-lived recovery.

Several altcoins experienced sharper declines: ZEC plunged nearly 10% to about $1,140, while HYPE fell roughly 5% to $84. SOL eased about 3% to $92, and BNB slipped below $700 with a 2% loss. Ether and DOGE each retreated about 2%, with ether hovering just above $2,250. XRP was largely unchanged near $1.25, and TRX bucked the trend, gaining about 2%, according to CoinDesk data.

Equity rout in the U.S. ripples through Asian markets

The crypto selloff coincided with widening losses in U.S. chipmakers, which intensified a three-day decline to roughly 12%. The Nasdaq 100 has now dropped about 10% from its recent peak — a move traders classify as a correction — while the S&P 500 eased around 0.5%.

Asian equities felt the impact: South Korea’s tech-heavy Kospi fell more than 3%, and the MSCI Asia Pacific Index declined nearly 1%. Japanese markets were closed for a holiday. Chinese stocks moved lower despite the central bank’s pledge to encourage financial institutions to use market-support tools; the yuan also reversed a 13-day winning streak after the People’s Bank of China instructed banks to hold more foreign currency reserves.

Commodities and politics weigh on sentiment

Oil prices tumbled amid optimism that tensions in Iran may be easing, yet the drop in crude did little to improve market sentiment. Attention also focused on U.S. politics: Americans were voting on Tuesday, with initial results expected as Asian markets open on Wednesday, adding another layer of uncertainty for investors.

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