The US midterm elections on November 3 and the October employment report due on November 6 dominate investors’ agenda this week. The election results could affect the outlook for cryptocurrency, stablecoin and trading-platform regulation, while employment figures may change expectations about Federal Reserve interest rates. Bitcoin, which recently struggled to hold the $80,000 level, is also under pressure from exchange-traded fund withdrawals. US spot bitcoin ETFs recorded approximately $643 million in net outflows on October 30 following a security incident involving Binance. The results of major technology companies and comments from Federal Reserve officials could further increase market volatility.
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