Bitcoin Sinks Below $77,000 as Chip Stock Rout Spreads
Bitcoin slipped under $77,000 (USD) on 3 November 2026 as a global chip stock selloff dragged tech and crypto markets down together. If you hold a wallet, this matters because your crypto balance now moves with Nasdaq swings, not just crypto news.
What actually happened
CoinDesk reported bitcoin traded under $77,000 (USD) on 3 November 2026. Zcash (ZEC) dropped almost 10% in the same session, according to CoinDesk. Binance Coin (BNB) slid under $700 (USD), the outlet said. The Nasdaq 100 fell into correction territory as chip stocks sold off hard. Asian equity markets dropped overnight as the U.S. tech selloff spread, CoinDesk noted. The report links the broader risk-off mood to positioning ahead of the U.S. midterm vote, though no single trigger tied to the vote was named.
How we got here
Bitcoin has tracked tech stock moves for most of 2026, with semiconductor swings often bleeding into crypto charts. The source material does not give prior price levels for bitcoin, ZEC, or BNB, so how deep this drop runs compared to recent trading stays unclear. What is documented is the pattern: chip stocks fell, the Nasdaq 100 corrected, Asian markets followed, and bitcoin broke below $77,000 at the same time. The looming midterm vote adds political uncertainty that CoinDesk flags but does not unpack.
Why this matters for you
For everyday wallet holders, this is a reminder that crypto balances can swing with stock market headlines, not only with crypto-specific news. A near 10% single-session drop in ZEC shows smaller tokens can fall faster than bitcoin when markets turn risk-off. BNB users saw a similar hit under $700. If you use bonuz to track or move crypto day to day, expect more price noise around the midterm vote. Builders relying on chip supply for hardware, including AR and smart glasses makers, should also watch semiconductor health as a cost signal.
The bigger question
If bitcoin keeps falling in step with chip stocks, has it stopped acting like an independent asset, or is this just election-week jitters? One session will not settle that debate. The answer matters for how much everyday crypto holders should treat bitcoin as a hedge against stock market swings.
What to watch
The U.S. midterm vote is the next scheduled catalyst, though CoinDesk gives no exact date. Watch whether the Nasdaq 100 correction deepens or steadies, and whether bitcoin holds the $77,000 (USD) line. More chip sector earnings could add swings. Bonuz will keep tracking how these moves ripple into hardware costs for AR and smart glasses.
