Daily markets briefing
Stocks, bonds, gold and crypto all rallied after the US midterms while oil, the dollar and volatility fell, though crypto's weekly trend and Fed hike odds still argue for caution.
| Market | 30d | Price | 1-day |
|---|---|---|---|
| Bitcoin | $76,081 | -5.29% | |
| Ethereum | $2,248 | -7.21% | |
| Solana | $89.19 | -6.51% | |
| S&P 500 | $7,379 | -4.03% | |
| Nasdaq Composite | $24,395 | -5.21% | |
| US Dollar Index | $101.46 | -0.05% | |
| Gold (futures) | $4,113 | +0.98% | |
| WTI crude oil | $90.67 | +2.89% | |
| US 10-year yield | 4.83% | -1.25% |
The Democrats' win was read as less fiscal stimulus and more gridlock. That pushed yields and the dollar lower, and the clearer result removed uncertainty. - Stocks: The S&P 500 rose 1.58% to 7,688.62 and the Nasdaq rose 1.44% to 25,736.51. The Dow gained 3.03%, its best day since April 2025 (CNBC, AP). Energy fell 4.8%, and AI and data-center names also dropped on fears of tighter rules (Reuters via Investing.com, CappNotes). - Yields: The US 2-year closed at 4.58% (from 4.61%) and the 10-year at 4.90% (from 4.95%) (US Treasury daily yield curve). - Dollar: The dollar index (DXY) fell 0.34% to 101.53, a 5-week low (CappNotes, Barchart). - Gold: Gold rose 3.3% to about $4,070/oz, back above $4,000 and its best day since August (CappNotes, Reuters). Silver gained more than 5%. - Oil: WTI fell 8.29% to $88.12 and Brent fell 8.67% to $94.62 (CappNotes). Traders are betting there will be more pressure to end the Iran war. Reuters says Brent is down nearly 20% this week, which would be the biggest weekly drop since April 2020. - Volatility: The VIX fell 20% to 16.61 (CappNotes). - Data: ADP private payrolls rose 86K, beating the 75K estimate. ISM services slipped to 54.5 versus 54.8 expected, and the September trade deficit narrowed to $105.0B (CappNotes, Barchart). - Central banks: Markets still price about a 77–83% chance of a Fed rate hike at the Dec 8–9 meeting (CME FedWatch via CappNotes, Barchart and Reuters). The Bank of England decides rates today and is expected to make its first hike in over three years. Norway also decides today (Reuters).
CoinMarketCap shows total market cap at $2.687T (+3.14% in 24h), 24h volume about $87.4B, and Bitcoin dominance at 60.2%. Ethereum led the large caps with +5.4% to about $2,418. A lot of this move was forced buying. Coinglass data cited by BeInCrypto counted $974.8M in liquidations over 24h, 59% of them shorts, and Bitcoin had $396M of those, 78% shorts. Liqwall shows $263M of BTC shorts wiped out versus $12.3M of longs in the 24h to 06:22 Stockholm time, BTC open interest down 2.4% to $30.6B, and funding mildly positive at about +0.009% per 8 hours. That means longs pay a little, but they aren't crowded. BeInCrypto says Bitcoin had dipped to about $75,700 on Wednesday before rebounding.
BTC ETH SOL
Rank changes (compared with the 2026-11-04 snapshot) - ZEC moved from 10 to 9, and HYPE slipped from 9 to 10. - DOGE moved from 12 to 11, and XMR slipped from 11 to 12. - LINK moved from 14 to 13, and LEO slipped from 13 to 14. - UNI moved from 20 to 19, and USDe slipped from 19 to 20. - SUI moved from 26 to 25, and USD1 slipped from 25 to 26. - No coins entered or left the top 30.
In plain words: the morning brief reads the mood as risk-on — Stocks, bonds, gold and crypto all rallied after the US midterms while oil, the dollar and volatility fell, though crypto's weekly trend and Fed hike odds still argue for caution..
Looking at the live snapshot: Bitcoin is down about 5.29% on the latest print we fetched; the S&P 500 is down about 4.03% on the latest print we fetched; the dollar (DXY) is down about 0.05% on the latest print we fetched; gold is up about 0.98% on the latest print we fetched.
A risk-on day usually means investors are more willing to buy things that can swing a lot — stocks and crypto — while safer assets take a back seat. That fits “Democratic sweep sparks a relief rally as Bitcoin squeezes back above $80K”.
Opinion, not financial advice
These are projections based on the evidence above, not certainties.
In crypto futures, traders borrow to bet. If price moves against them, the exchange can close the bet automatically — a liquidation. Waves of short liquidations force buying and can spike price quickly.
Notes: Nov 4 ETF flow figures differ between Farside-based reports and SoSoValue and may be revised. Fed hike odds vary by source and time of reading (76.9% to 83%).