Bitcoin slips as US Treasury balance leaves $166B gap
CIE News ·
Based on reporting by CryptoSlate; not yet independently confirmed.
Bitcoin fell to $76,732 on November 2, 2026, while traders monitored a $166 billion difference between the US Treasury's cash balance and its prior year-end target.
Crypto markets retreated on November 2, 2026, as Bitcoin (BTC) dropped 1.92% to $76,732 amid broader deleveraging in U.S. equities. Ethereum (ETH) fell 1.08% to $2,248, and Solana (SOL) declined 3.06% to $91.56.
According to CryptoSlate, the U.S. Department of the Treasury held approximately $1.016 trillion in its account at the Federal Reserve as of late October 2026. This left a $166 billion gap against the Treasury's earlier forecast targeting an $850 billion balance by the end of December.
Traders are evaluating whether updated borrowing estimates and financing plans due on November 4, 2026, will trigger a cash drawdown that releases reserves back into the banking system.
Key facts
- BTC fell 1.92% to $76,732
- $1.016T Treasury cash balance
- $166B cash target gap
- ETH down 1.08% to $2,248
Read the original at CryptoSlate