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Global stock markets are entering a heavy week of political and economic events, with US midterm elections, October employment data and results from major technology companies all arriving between November 2 and November 6, Coinpedia reported. The backdrop is a tech-led sell-off that has erased roughly $5 trillion in market value across major technology and semiconductor stocks since early October, the outlet said.
Coinpedia put Bitcoin’s move at a decline from about $85,000 at the start of October to $78,299.35, though the asset traded slightly higher on the day of its report.
Also readBitcoin Tops $87,000 After Soft September Jobs Report
Key facts
- All 435 House seats and 35 Senate seats are up in the November 3 midterms, a result Coinpedia says will shape economic policy and the direction of digital-asset law.
- The October employment report due Friday is forecast to show about 60,000 jobs added, up from 29,000 in September, with unemployment steady at 4.2%, per Coinpedia.
- Apple and Palantir report Monday; Coinpedia cites expected fiscal Q4 2026 Apple revenue of about $113.4 billion and Palantir Q3 2026 revenue of about $2.18 billion.
- The Bank of England decides on rates Thursday after holding its Bank Rate at 3.75% in September, with three of nine policymakers favoring 4%.
- The S&P 500 closed last week at 7,580.07 and the Nasdaq at 25,437, figures both outlets report.
Earnings and data stacked through the week
Coinpedia lays out the schedule: the October ISM Manufacturing PMI on Monday, expected at 54.8 against 54.5 in September; the September JOLTS report on Tuesday, expected near 7.11 million openings versus 7.079 million previously; the ADP National Employment Report on Wednesday, expected to show 65,000 private-sector jobs, alongside eurozone inflation forecast at 3.9% from 3.8%; and weekly US jobless claims on Thursday, with initial claims expected near multi-decade lows after a drop to 194,000.
Mint reports that more than 100 S&P 500 companies are due to report during the week, including McDonald’s, Amgen and ConocoPhillips, and notes AMD and Qualcomm among the tech names. Mint also reported that US third-quarter growth was the fastest in a year, helped by consumer spending and business investment in AI, and that the Federal Reserve left rates unchanged while upgrading its read on the economy. The two reports frame the Friday jobs release differently: Coinpedia casts it as a test of whether the labor market is stabilizing or weakening, while Mint frames it as a clue to the Fed’s next policy step.
Also readBitcoin Slips to $81,473 as Hot Inflation Data Lifts Rate Fears
On the election, the accounts diverge on expectations. Mint said Democrats are widely expected to gain the House while the Senate remains uncertain, with Republicans currently holding both chambers. Coinpedia focused on the effect the outcome could have on President Donald Trump’s economic agenda, government spending and oversight of regulators including the SEC and CFTC.
Why it matters
For crypto holders, the election result and the jobs number feed straight into expectations for regulation and interest rates, the two levers that have set the tone for digital-asset prices this year. A weaker hiring figure or a split Congress would change how traders price the months ahead, while the equity sell-off has already tightened risk appetite across markets.
This is not financial advice, and crypto and equity markets are volatile and hard to predict.
What to watch
The week’s decisive print is Friday’s October employment report, which follows Tuesday’s election results and Thursday’s Bank of England decision.
Sources: Coinpedia, Mint
