Bitcoin traded near $77,500 on Tuesday morning as polls opened for the U.S. midterm elections, down about 0.6% on the day. The price action is pressured by factors including a record $6.3 billion Binance hack on Oct. 29, recent U.S. spot Bitcoin ETF outflows (an outflow of $643.3 million on Oct. 30, the largest single-day outflow since June 25), a Federal Reserve leaning toward a December hike, and oil prices above $100 due to Iran tensions. The midterm elections will decide control of Congress, impacting the fate of the CLARITY Act market structure bill.