Live updates: promos, term changes, new challenges, payouts.
On November 4, journalist Eleanor Terrett reported that the US House of Representatives is discussing a new crypto market structure bill. It expands the powers of the SEC (US Securities and Exchange Commission) and reduces the role of the CFTC (Commodity Futures Trading Commission), which the Republican version assigned to it.
According to vote counts in the US midterm elections, Democrats are taking both chambers of Congress. Index futures fell overnight, then reversed by the morning of November 4: Nasdaq +2.2%, S&P 500 +1.8%.
While the US was counting votes in the congressional elections, BTC fell to a seven-week low and by Wednesday evening had recovered almost the entire decline.
The euro gained more than 0.6% against the dollar on Wednesday and approached four-week highs. Two reasons came together at once: price growth in the eurozone accelerated to a three-year peak, and the Democrats won the US midterm congressional elections.
In the midterm elections on November 3, 2026, the Democrats gain control of the House of Representatives and the Senate. The key crypto market structure bill - the CLARITY Act - loses its chances of being passed in its previous form.
At night, while votes were being counted in the US congressional elections, BTC dropped below $76,000 with a low of $75,700. By 09:16 Moscow time on November 4, it was trading around $77,918 (+1.6% over the day) — the entire dip was bought back within a few hours.
On the morning of November 4, gold traded around $3,930 per ounce, recovering from a drop to lows last seen in September 2025. The reason is the collapse of the dollar after the first results of the midterm congressional elections held on November 3.
Overnight into November 4, BTC lost more than $2,000 in a few hours and fell to $75,700. The trigger was the first results of the US midterm congressional elections, which indicated a Democratic advantage in both chambers.
On US congressional voting day, US index futures diverged: Dow Jones -0.5%, S&P 500 -0.15%, Nasdaq 100 flat. The market holds positions ahead of the first vote count results.
From November 2 to 6, the market will get four reasons to move at once: the US midterm congressional elections, decisions from four central banks and the US employment report on Friday. The dollar enters this week after two weeks of decline and, for the first time in a long while, at its 200-week moving average.
Qatari mediators handed Tehran a new draft agreement with the US on Sunday, October 25. Iran is studying the document and has promised an answer by the end of the week — and the market is already pricing in every headline on the subject, although there is no talk of the deal itself yet.
