Last night, markets were fairly calm:
• Gold hovered around $3.9K, while Bitcoin climbed to $78K before turning back.
• U.S. stocks rebounded, and money flowed back into chip stocks. AMD rose 5% after hours on better-than-expected earnings.

This morning, the focus is on the U.S. midterm election results, with betting markets heavily favoring the Democrats. If they win both chambers, disagreements with the Trump administration could affect crypto policy and the war with Iran.

As of 7 a.m., Democrats had 83 House seats and 42 Senate seats, while Republicans had 60 and 34, respectively. Neither side has enough seats yet to secure control.

As for the conflict, Qatar-mediated negotiations are continuing, but Iran says the two sides remain far from an agreement. Trump also said the U.S. has no immediate plans to attack Iran.

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