Bitcoin is on track for its fifth losing week in a row.

By John Murray

Discussion

It slid from around $87,000 to roughly $76,500 over the past five weeks, and five straight would tie for its third-longest weekly losing streak on record, per CoinDesk.

The selling has been steady, not dramatic. US spot Bitcoin ETFs saw about $643 million in net outflows on Friday and another $399 million on Monday, with BlackRock's fund accounting for roughly $405 million of Monday's total, per The Economic Times. Bitcoin traded near $77,400 on Tuesday after briefly dipping toward $76,300, and it lost 7% in October, its second monthly loss in a row.

Now add the US midterms. Polls and nonpartisan analysts favored Democrats to take the House, with the Senate seen as uncertain, per Reuters. For crypto, the bill to watch is the CLARITY Act: it passed the House 294 to 134 in July 2025 but failed a Senate cloture vote 49 to 50 on September 15. Results will come in through the night, and early projections can change as ballots are counted.

The calendar doesn't stop there. The October jobs report lands Friday, Nov 6, and October CPI follows on Nov 10.

A quick checklist for election week:

  • A projection is not a final result. Don't trade the first headline.
  • Check the source and timestamp before you act on any screenshot or "breaking" post.
  • Cut your size before big events instead of widening your stop after them.
  • If you use leverage, know your liquidation price now, while the market is calm.

That's why TradeShield exists: your risk rules are set before the news hits, so one headline can't talk you out of them.

— Spidah, Founder & CEO

Market awareness, not financial advice. Trading involves risk.