Stocks rebound on chip shares, Bitcoin steadies near $74,000 as the dollar rises and gold slips
Published · by Hunt4Coin
US stocks recovered on Wednesday 11 November 2026, led by chip makers, but crypto barely moved: Bitcoin's daily candle on Binance closed 0.30% higher at $74,015.19 while the dollar rose for a second day, gold futures fell to about $4,000 and Fed officials kept a December rate hike in play (CappNotes; KuCoin; Toobit; Hunt4Coin's Binance candles).
How each market moved on Wednesday 11 November
| Market | Move on 11 Nov | Level |
|---|---|---|
| Bitcoin (Binance BTC/USDT, daily candle) | +0.30% | $74,015.19 close; range $73,209.12–$74,811.45 |
| Ether (Binance ETH/USDT, daily candle) | +0.15% | $2,056.36 close; range $2,035.83–$2,103.78 |
| S&P 500 | +1.31% | 7,619.38 |
| Nasdaq-100 | +2.28% | 28,374.25 |
| Nasdaq Composite | +1.60% | 25,466.19 |
| Dow Jones | +0.49% | 52,486.49 |
| US dollar index (DXY) | +0.67% | 102.92 |
| Gold futures | −0.74% | $4,000.50 |
| Silver futures | +1.52% | $52.00 |
| Brent crude | +1.39% | $92.76 |
| WTI crude | +0.57% | $86.53 |
| VIX | −10.12% | 17.49 |
Crypto rows are the daily candles (00:00–24:00 UTC) on Binance from Hunt4Coin's own chart data; the other rows are CappNotes' closing figures. The US cash bond market was closed for Veterans Day, so there was no new 10-year close; Tuesday's was 4.98% (CappNotes).
Why stocks rose and crypto didn't follow
- Stocks: chip shares led after AI cloud company CoreWeave jumped about 24.7% on third-quarter revenue of $3.66 billion and a raised 2026 outlook (CappNotes; KuCoin). The Philadelphia semiconductor index rose about 5.7% (KuCoin).
- Rates: after Tuesday's hotter October CPI, Chicago Fed president Goolsbee called the report "borderline disturbing", Dallas Fed president Logan said she sees two more quarter-point hikes, and fed funds futures fully priced a December hike (CappNotes). A rising dollar and a likely rate rise are a headwind for assets that pay no yield, such as Bitcoin and gold, and gold was the one metal lower on the day.
- ETF flows: US spot Bitcoin ETFs saw about $95 million of net outflows on 10 November, a fourth straight session of outflows (KuCoin; CappNotes citing SoSoValue). Toobit's tally puts 5–10 November outflows at about $1.14 billion.
- Sentiment: the Crypto Fear & Greed index stood at 28 ("fear") on 12 November, from 29 the day before (KuCoin).
- Oil: Brent rose after Iran's security chief said its enriched nuclear material would not leave the country and Iran said the Strait of Hormuz would stay closed until its demands are met (CappNotes).
So the pattern from Tuesday held: crypto followed rate expectations and the dollar more closely than the stock market. On the daily chart that shows up as a small green candle inside Tuesday's range: Wednesday's high of $74,811.45 stayed below Tuesday's high of $75,442.01 and its low of $73,209.12 stayed above Tuesday's low of $72,727.27, an inside day.
Other crypto news
- MSCI deleted Strategy and Metaplanet from its indexes from 30 November (see our separate story).
- Deutsche Bank launched digital-asset custody for BTC, ETH and USDC, initially for paying clients (KuCoin).
- Stablecoin supply fell about $14.2 billion over 30 days, according to Glassnode data cited by KuCoin, which called it the largest fall since 2022.
- Token unlocks: RAIN unlocks about $197 million (5.08% of circulating supply) on 12 November, AZTEC about $10.3 million on 13 November (KuCoin).
What's on the calendar
US weekly jobless claims today (12 November), October PPI on Friday 13 November at 8:30 a.m. ET and the minutes of the Fed's last meeting on 18 November (CappNotes; KuCoin). We don't forecast the reaction. Today's lesson, trading pairs, uses this week's charts to show why Ether fell twice as much as Bitcoin in dollars and what the ETH/BTC pair shows. Charts: Bitcoin, Ethereum, Solana; scan the market with the free crypto screener.
Information only, not financial advice. Trading crypto, stocks, metals, oil or forex is risky; never trade money you can't afford to lose.