CryptoMedium•3 November 2026•
1 min read
Bitcoin Drops 2% as Markets Prepare for US General Election
Key Facts
1Bitcoin's Nov. 2 UTC close was $1,585 lower than the previous day's figure.
2The selling pressure coincides with the U.S. federal general election scheduled for Nov. 3, 2026.
Bitcoin's November 2 close was $1,585 lower than the previous day's figure, marking a decline of approximately 2%. TokenPost reported that the selling pressure coincides with U.S. voters preparing for the federal general election scheduled for November 3, 2026.
Market participants are de-risking and betting on further volatility as the high-stakes election approaches. This price action follows economic data showing the ISM Manufacturing PMI reached 55.5 on November 2, 2026, which was higher than previous forecasts.
The U.S. Midterm Elections are taking place today, November 3, 2026, serving as a primary focus for digital asset traders. Markets are also awaiting the release of JOLTs Job Openings data later today.