Market Report Β·

πŸ‡ΊπŸ‡Έ US STOCKS & CRYPTO MARKET REPORT Wednesday 4th November

Bitcoin rebounds to $79K, but Fear & Greed remains at 38. ETF outflows ease as exchange security, AI growth, inflation and political uncertainty drive markets.

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πŸ“Š DELTA NODE | DAILY MARKET & CRYPTO UPDATE πŸ“… 4 November 2026

β‚Ώ CRYPTO MARKET: RECOVERY, BUT FEAR REMAINS

Bitcoin rebounded approximately 2.3% overnight to $79,000, recovering Tuesday's decline and returning to the $78,000–$79,000 support zone.

  • BTC: $78,566 (+2.08%)
  • ETH: $2,332 (+3.11%)
  • Global Crypto Market Cap: $2.63T (+1.99%)
  • 24H Trading Volume: $71.91B (+12.84%)
  • BTC Dominance: 59.96%
  • Fear & Greed Index: 38 (Fear)
  • Altcoin Season Index: 51/100

Market view: Sentiment remains fearful despite the recovery. One green session does not confirm a market bottom. We need sustained buying, improving ETF flows and BTC holding above recent lows.

πŸ” 1. CRYPTO SECURITY: BINANCE REVEALS HOW THE HACK HAPPENED

Binance published its findings on the October 29 hot-wallet theft. The attack reportedly began with a fake job interview and malware installed on an engineer's computer. The attacker subsequently used an internal AI tool to control two wallet engineers.

  • Approximately $6.34 billion was reportedly taken.
  • Around $2.85 billion has been frozen or intercepted.
  • Binance says it has replaced approximately 95% of the stolen funds.

The incident highlights how social engineering, compromised employee devices and AI-assisted attacks can create serious vulnerabilities even inside major exchanges.

πŸ”Ή 2. MERCADO BITCOIN REMAINS SUSPENDED AFTER SECURITY INCIDENT

Brazilian exchange Mercado Bitcoin remains paused following its November 2 security incident.

  • Approximately $36.3 million in assets were affected.
  • $12.9 million has been blocked so far.
  • Chainalysis estimates the total theft at around $49 million across 17 blockchains.

The exchange says customer balances remain recorded and services will gradually resume.

πŸ”Ή 3. NEW JERSEY PLANS TO WITHDRAW ITS COINBASE STAKING ORDER

New Jersey's securities regulator informed Coinbase that it intends to rescind its 2023 penalty and cease-and-desist order relating to staking.

The state was among 10 that originally challenged Coinbase's staking services in June 2023.

This is another positive regulatory development for the US crypto industry, although disputes with other states remain unresolved.

πŸ”Ή 4. BITGO INTRODUCES INSTITUTIONAL BITCOIN STAKING

BitGo Bank & Trust has opened Bitcoin staking through the Stacks network for eligible institutional clients.

  • Rewards are earned in BTC.
  • Bitcoin remains timelocked on the Bitcoin network.
  • Each staking position runs approximately six months.
  • Access is currently restricted to whitelisted institutional partners.

This creates another potential yield opportunity for institutional Bitcoin holders without relying on traditional lending structures.

πŸ”Ή 5. VITALIK WARNS THAT AI IS CHANGING SECURITY FOREVER

Ethereum co-founder Vitalik Buterin warned at Devcon 8 in Mumbai that AI has fundamentally changed traditional security assumptions.

His concern is that AI can discover vulnerabilities and automate attacks much faster than conventional security systems can respond.

He advocates open, verifiable defensive technology rather than restricting access to powerful tools.

He also questioned hardware wallets that cannot independently verify their security.

Key takeaway: Hardware security and independent verification are becoming increasingly important as AI-powered attacks evolve.

🌍 GLOBAL MACRO & EQUITY MARKETS

πŸ—³οΈ 6. DEMOCRATS TAKE CONGRESS: MARKETS REVERSE THEIR INITIAL SELL-OFF

Democrats have taken control of both the US House and Senate, triggering an initial market reaction.

  • S&P 500 futures initially fell 1.4%.
  • Nasdaq 100 futures dropped as much as 2.4%.
  • S&P 500 futures subsequently recovered to +0.90%.
  • Nasdaq futures recovered to +0.89%.
  • Dow futures gained 1.28%.

The initial concern was that Democrats could introduce tougher regulations covering AI, data centres, crypto and higher corporate taxes.

However, markets reconsidered the political mathematics.

Even with control of Congress, Democrats still need President Trump's signature to pass legislation. Trump can veto bills, and overriding a veto requires a two-thirds majority in both chambers.

Market implication: Political gridlock could prevent major policy changes over the next two years. Investors may view this as more predictable than aggressive regulatory intervention.

The key question is whether the market recovery holds during the US session.

πŸ’» 7. AMD BEATS EXPECTATIONS AND DELIVERS AN AGGRESSIVE GROWTH OUTLOOK

AMD reported stronger-than-expected quarterly results.

  • Revenue: $13.38 billion (+45% YoY).
  • Adjusted EPS: $2.09 versus $1.94 expected.
  • Data centre revenue: $8.5 billion (+97%).
  • Gaming revenue declined 40%.
  • Q4 revenue guidance: Approximately $17 billion versus $16.23 billion expected.

CEO Lisa Su also expects revenue growth of more than 80% in 2027.

AMD shares gained approximately 6% before the market opened.

Supermicro also reported revenue of $19.9 billion against expectations of $16.4 billion, supporting broader AI infrastructure sentiment.

What to watch: Arm and Qualcomm earnings after today's US market close. Their forward guidance will be particularly important for the semiconductor sector.

πŸ‡ͺπŸ‡Ί 8. EUROZONE INFLATION JUMPS TO 4%

Eurozone inflation increased to 4% in October, its highest level in three years.

  • September inflation: 3.8%.
  • October inflation: 4%.
  • Energy inflation: 20.8%.
  • Core inflation: 2.5%.
  • Services inflation: 3.3%.

Energy prices remain the biggest contributor to the increase.

Country-level inflation:

  • Italy: 5.6%.
  • France: 3.8%.
  • Germany: 2.8%, down from 3.3%.

Markets are increasingly considering additional ECB rate hikes over the coming year.

Market implication: Higher energy prices could keep inflation elevated and complicate central bank rate decisions. Developments around the Strait of Hormuz and oil supply remain critical.

πŸ‡¬πŸ‡§ The Bank of England's next interest-rate decision is also due tomorrow, with markets expecting a move from 3.75% to 4%.

πŸ’Š 9. NOVO NORDISK: WEGOVY PILL SALES BEAT EXPECTATIONS

Novo Nordisk reported stronger-than-expected results, led by its obesity treatment business.

  • Wegovy pill sales: DKK 5.39 billion.
  • Expected sales: DKK 4.62 billion.
  • Quarterly growth: 53%.
  • Adjusted operating profit: DKK 31.72 billion.

Novo raised its 2026 sales and operating profit outlook from a potential 6% decline to a range between a 2% decline and 2% growth.

Shares gained as much as 6.6%.

However, part of the earnings beat came from approximately DKK 2 billion in one-off pricing benefits. Novo also plans to reduce US list prices for Wegovy by approximately 50% and Ozempic by 35% from January 2027.

Key takeaway: Strong demand for the Wegovy pill is encouraging, but future profitability will depend on pricing and competition from Eli Lilly.

β‚Ώ BITCOIN: ELECTION VOLATILITY AND ETF OUTFLOWS

Bitcoin briefly dropped to $75,740 during the US election results before recovering above $78,000.

An important development is the declining pace of Bitcoin ETF outflows:

  • October 30: $643.2 million outflow.
  • Monday: $398.6 million outflow.
  • Tuesday: $115.6 million outflow.

Outflows have declined approximately 82% from Friday's level.

This could indicate that institutional selling pressure is easing, although it does not yet confirm a return of institutional demand.

Binance has also reopened withdrawals for another 51 Ethereum and Solana tokens.

The exchange is preparing its next proof-of-reserves snapshot, which will include more assets and reflect withdrawals following the October 29 incident. Results are expected around Friday.

What to watch: Whether ETF outflows turn into inflows and whether Binance can restore confidence following its security incident.

πŸ›’οΈ 10. OIL: PEACE EXPECTATIONS FACE NEW UNCERTAINTY

Brent crude settled at $103.60, its lowest level in almost four weeks, before recovering approximately 1% to $104.61 in Asian trading.

The recovery followed an Iranian official's statement that Washington's response to Iran's latest peace proposal was not convincing.

Additional supply data:

  • US crude inventories declined by 5.27 million barrels.
  • Markets had expected an increase of 2.1 million barrels.

Market implication: Oil remains highly sensitive to geopolitical developments. Any escalation around Iran and the Strait of Hormuz could quickly reverse the recent decline.

πŸ‘· 11. US LABOUR MARKET: MORE WORKERS ARE QUITTING

September US job openings remained relatively stable at 7.5 million.

  • Job openings: 7.5 million.
  • Hires: 5.4 million.
  • Layoffs: 1.6 million.
  • Workers quitting: 3.4 million.
  • Quits rate: 2.1%.

The increase in voluntary resignations suggests some workers remain confident about finding new employment.

However, hiring remains weak compared with historical levels.

Important: The official October US employment report is scheduled for Friday and will be a major macroeconomic catalyst.

πŸ₯ˆ 12. SILVER: KEY TECHNICAL LEVELS

Silver recently bounced from the $49.78 support area.

Important levels to monitor:

  • Support: $49.78
  • Resistance: $55
  • Further downside level: $44

The next move around $55 could determine whether the recovery gains momentum or faces another rejection.

πŸ“Œ DELTA NODE | WHAT MATTERS NEXT

The market is currently balancing three major forces:

  1. Political uncertainty: Democratic control of Congress could create regulatory pressure, but presidential veto power may limit major legislative changes.
  2. AI and technology growth: AMD's strong 2027 outlook supports the broader AI infrastructure investment narrative.
  3. Macro and liquidity: Rising European energy inflation, geopolitical risks and US employment data remain important for global risk assets.

BTC LEVELS TO WATCH

  • $75,740: Recent election-night low.
  • $78,000–$79,000: Current recovery and important near-term zone.
  • Above $79,000: Sustained acceptance would strengthen the recovery.
  • Below $75,740: Would put renewed downside pressure on the market.

Upcoming catalysts:

  • Today: Binance proof-of-reserves snapshot and Arm/Qualcomm earnings.
  • Tomorrow: Bank of England interest-rate decision.
  • Friday: US employment report and expected Binance reserve results.

FINAL VIEW:

Bitcoin has recovered, ETF selling pressure is slowing, and the broader crypto market is showing some improvement. However, Fear & Greed remains at 38, and BTC still needs to establish stronger support.

The bigger picture is not simply bullish or bearish. AI growth is supporting equities, while energy inflation, geopolitical uncertainty and regulatory developments are creating volatility.

For now, the priority is to monitor confirmation rather than chase the recovery. Price stability, ETF flows, liquidity and volume will matter more than one overnight bounce.

β€” DELTANODE Ξ”

Market commentary and analysis only. Not investment advice. Nothing here is a recommendation to buy or sell any asset. Do your own research.