Bitcoin is under pressure as it tests key support levels around $78,000, influenced by political uncertainty ahead of the US midterm elections, the recent Binance hack, and expectations of further Federal Reserve rate hikes. Hilbert Group's CIO Russell Thompson notes that the market has not fully priced in a significant Democratic win, which could impact US policy and add volatility. Additionally, options traders show increased demand for downside protection, signaling cautious sentiment. The Binance hack, possibly linked to North Korea, has led to large withdrawals, further unsettling the market. Investors should watch support at $76,000-$78,000 and resistance near $79,000 as these factors unfold.
As of Nov 03, 2026 01:22 WIB, Bitcoin trades at Rp1.399.165.937 on Pluang, down 1.01% in the last day, while Binance Coin is lower at Rp12.705.468 with a steeper 1.65% decline. Bitcoin's price remains close to key support levels mentioned in the news, and its market cap of Rp28.040,86T far exceeds BNB's Rp1.664,13T, highlighting Bitcoin's dominant position despite recent volatility. Pluang users show stronger buying interest in Bitcoin (73%) compared to BNB (67%), with typical hold times of 112 and 90 days respectively, reflecting differing investor confidence and strategies.
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