Stock Market Commentary: U.S. stocks closed higher on November 11, with the S&P 500, Dow, and Nasdaq up 1.31%, 0.49%, and 1.60% at 7,619.38, 52,486.49, and 25,466.19, led by AI and semiconductors. The Hang Seng Tech Index fell 1.41%, while the KOSPI and KOSDAQ rose 2.60% and 5.62%, driven by semiconductors and secondary batteries.
Crypto Market Commentary: BTC and ETH fell 3.05% and 8.22%, respectively, over the past seven days, to $73,767 and $2,054. Total crypto market capitalization stood at approximately $2.47 trillion, BTC dominance rose to 59.87%, and the Fear and Greed Index dropped from 50 a week earlier to 28. U.S. October CPI rose 0.4% month over month, above the 0.3% expected, heightening December rate-hike concerns.
Key Data: Total stablecoin supply was approximately $290.5 billion, with USDT and USDC at 60.39% and 24.05%, or 84.44% combined; Ethereum mainnet gas fees remained low. PIEVERSE, NIGHT, and ETHFI gained 36.16%, 9.56%, and 7.53%, respectively, over the past seven days.
This Week’s Focus: USDC entered the EU’s MiCA framework for significant e-money tokens on November 12, subject to dual supervision by the EBA and French authorities. The FSB recommended that Türkiye establish a dedicated stablecoin regime and strengthen cross-border supervisory cooperation. BTC dominance approached 60%, reinforcing defensive market characteristics.
Next Week’s Watch: PIEVERSE, ZRO, and CONX unlocks total approximately $110 million from November 13 to 19. U.S. October PPI, retail sales, industrial production, and the FOMC minutes may amplify market volatility.
Discover more details today → Gate Research: U.S. Tech Stocks Rebound, Crypto Market Extends Correction
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Investing in cryptocurrency markets involves high risk. Users are advised to conduct their own research and fully understand the nature of the assets and products before making any investment decisions. Gate is not responsible for any losses or damages arising from such decisions.
Gate Team
November 12, 2026
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