After a wave of sharp declines and security tensions, the crypto market is seeing a strong rebound today (November 4, 2026), driven by political and economic factors, alongside major regulatory developments and technical updates affecting some cryptocurrencies.
Here are today's top stories:
🗳️ First: Bitcoin surges after the “political surprise” in the midterm elections
· Strong rally: Bitcoin surged from a low of $75,600 to above $80,000 (up as much as 4.3%), staging a strong recovery.
· The unexpected reason: The Democratic Party’s victory in gaining control of both chambers of Congress came as a positive surprise. Rather than worrying about a rollback of Trump’s crypto-friendly policies, the market viewed the victory as “removing uncertainty,” prompting investors to return in force to buying high-risk assets such as cryptocurrencies and tech stocks.
🏦 Second: The SEC’s “historic approval” of Canton Coin
· A surprise regulatory decision: The SEC issued an official No-Action Letter recognizing Canton Coin (CC)—a coin designed for the “banking” network—as a “Digital Commodity,” not a security, and stating that it would not take enforcement action against it.
· Why does this matter to you? This decision opens the door for major financial institutions (such as banks) to use the network to tokenize traditional assets without fear of legal repercussions, potentially changing the rules of the game for how stocks and bonds are traded digitally.
🛡️ Third: Privacy coins take center stage—and Zcash surges
· Sharp rise: While everyone is focused on Bitcoin, Zcash $ZEC surged between 7.5% and 10.59% to around $1,310, leading gains among altcoins.
· The reason: The market is anticipating the “NU7” upgrade, scheduled to launch on November 5, which will enhance privacy and reduce block times. Strong institutional inflows are also supporting the coin.
🐋 Fourth: “Whale” movements and Binance’s ongoing recovery
· Whales are on the move: Monitoring platforms detected withdrawals of 303.86 $BTC (worth $23.4 million) from Binance to multiple wallets, as well as other large transfers between Coinbase Institutional and unknown wallets, suggesting that major investors are repositioning.
· Binance breathes a sigh of relief: The platform began the second phase of resuming withdrawals, covering networks such as BSC, Ethereum, and Solana. This brought net outflows down to $2.57 billion, signaling a gradual return of confidence.
💡 Bottom line: The market is breathing a sigh of relief today after the hacking storm, and attention is now turning to the U.S. elections and SEC decisions that could reshape the landscape of institutional adoption.
