Bitcoin (BTC) is facing renewed downward pressure on Tuesday, November 3, 2026, slipping toward a critical support level at $76,455. The cryptocurrency fell nearly 2% the previous day, and a daily close below this key threshold could signal further declines. Institutional demand is waning, with spot Exchange Traded Funds (ETFs) seeing outflows exceeding $398 million on Monday, following last week’s withdrawals.
Ripple (XRP) is trading in a tight range between $1.20 and $1.32, with traders eyeing the $1.25 support level as a potential pivot point. The remittance token is showing signs of recovery, though cautious optimism persists amid the aftermath of last week’s $6.3 billion Binance hack.
Across the broader crypto market, Bitcoin, Ethereum, and XRP are all under pressure as investors pull capital. Bitcoin is testing six-week lows at $76,566, with the market’s path of least resistance remaining sideways. The recent Binance hack has contributed to reduced risk appetite and capital outflows, keeping the market in a state of uncertainty.