Bitcoin BTC ($76,979.45) is tracking toward a fifth straight weekly drop, which would represent its equal third-extended negative streak historically, even though it is only Tuesday. Throughout weeks 40 through 44, bitcoin dropped from approximately $87,000 down to near $76,500. Its record losing stretch spanned eight weeks during 2022, from week 14 to 21, whereas earlier this season it suffered six straight weekly drops spanning weeks 3 through 8.
The U.S. midterm elections on Tuesday introduce additional volatility into financial environments already strained by tech equities and international conflicts. WTI crude has recovered 2% to near $98 per barrel, while Brent climbed back past $106 following news of American military strikes targeting Iran’s Qeshm Island just prior to the election.
Apple AAPL, carrying a market capitalization slightly below $5 trillion, surpassed financial forecasts for earnings and revenue on Monday concerning its fourth fiscal period. Nevertheless, cautions that an extraordinary surge in memory semiconductor expenses alongside expenses required to operate its artificial intelligence features would compress profit margins cast a shadow on the figures. Equity values dropped approximately 5% during premarket sessions.
Valuable metals likewise erased the previous day’s advances. Gold decreased 1% toward $3,900 per ounce, whereas silver dropped 3.5% beneath $49. Notwithstanding widespread market volatility, the Invesco QQQ Trust QQQ trades marginally higher prior to the opening bell.
Originally published at https://www.coindesk.com/markets/2026/11/03/live-news-bitcoin-faces-fifth-weekly-loss-as-midterm-uncertainty-and-apple-warning-weigh-on-markets.
