Crypto Markets Brace for US Midterm Elections and Employment Data

Key Facts

Crypto markets are awaiting the results of the US midterm elections and their potential impact on fiscal and regulatory policies. Altcoin Buzz reported that Bitcoin faced selling pressure as investors moved to de-risk ahead of the elections, which will determine control of Congress. Influential events this week include US jobs data and scheduled speeches from Federal Reserve officials.

Economic data showed manufacturing activity expanded in October, with the ISM Manufacturing PMI reaching 55.5 on November 2, 2026, up from 54.5 in September. In the labor market, the ISM Manufacturing Employment index stood at 52.4 on the same date. These movements occur as traders weigh political uncertainty and the aftermath of a major security breach at Binance, amid expectations of heightened crypto market volatility.

The JOLTs Job Openings report is scheduled for release on November 3, 2026, followed by the ADP Employment Change report on November 4. Investors are also focused on the Non-Farm Payrolls and Unemployment Rate data due on November 6, 2026, which will be critical in shaping the Federal Reserve's future interest rate decisions.