Stock Market: On November 9, U.S. stocks rebounded across the board: the S&P 500, Dow Jones and Nasdaq rose 2.35%, 2.15% and 2.74%, respectively. Technology stocks diverged, with AMD gaining 13.26% and Tesla rising 5.54%, while Nvidia fell 4.27%. Hong Kong equities weakened: the Hang Seng, Hang Seng TECH and Hang Seng China Enterprises indices declined 0.13%, 0.92% and 0.17%, respectively. South Korea’s KOSPI and KOSDAQ also fell, losing 0.81% and 0.82%, respectively.
Market Commentary: BTC traded at 75,103.00 USDT, up 0.20% over 24 hours, fluctuating around 75,000 USDT. ETH stood at 2,127.38 USDT, down 0.24%, showing relative weakness. Total crypto market capitalization fell 1.69% over 24 hours to approximately US$2.52 trillion. The Fear & Greed Index was 32, indicating fear. On November 9, Eastern Time, U.S. spot BTC ETFs recorded net inflows of US$12.15 million, while spot ETH ETFs saw net outflows of US$44.44 million.
Trending Tokens: INIT, PIEVERSE and UP gained 59.73%, 39.01% and 33.35%, respectively, over 24 hours. Initia said it was investigating a Rollup infrastructure issue and had coordinated a temporary pause of related Rollups. It said no impact on user funds had been found; L1 remained operational, with some services degraded. PIEVERSE and UP’s rallies may have been primarily driven by trading flows, with sustainability uncertain. Open interest expanded for all three tokens, while INIT and UP showed overheated short-term momentum. Leveraged positions remain exposed to amplified volatility and pullbacks.
Alpha Insights: Elizabeth Warren is expected to chair the Senate Banking Committee from January 2027 and intensify oversight of prediction markets and Trump-family crypto businesses. This is a future agenda, not a new ban. A former Ethereum Foundation employee has filed a lawsuit over dismissal and related issues; the allegations have not been adjudicated. NYSE plans to use Avalanche for a permissioned core clearing and settlement ledger supporting its tokenized-securities platform. The project still requires regulatory approval and is not yet live.
Discover more details today → Gate Research: U.S. Stocks Rebound Across the Board, BTC Fluctuates Around 75,000 USDT
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Gate Team
November 10, 2026
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