MARKETS week ahead: November 11 - 17
Last week in the news
Regardless of the FOMC meeting and rate cut for another 25 bps, still the major event during the week was related to the US Presidential elections. It seems that investors were more than satisfied with the American votes, as almost all markets finished the week in green, few of them with fresh new all time highest levels. Equity markets were the first to react to election results, by pushing the S&P 500 to new ATH at the level of 6.010. Another market which significantly gained with the election was the crypto market. BTC passed the level of 80K, reaching another all-time highest level. On news that a new US President might influence peace negotiations in the Middle East, the price of gold slowed down and reverted back toward the $2,65K level. The US Treasury bonds were the only to stay resilient, and waited for the FOMC decision in order to return back toward the 4,30 level.
The FOMC members cut interest rates by another 25 bps at their meeting held on Thursday. Speaking about the state of the economy, Fed Chair Powell noted that “The Committee judges that the risks to achieving its employment and inflation goals are roughly in balance”. This sentence summarizes the current view of FOMC members on the state of the US economy. Although this was an expected move, still the after-the meeting speech of Fed Chair Jerome Powell was marked with a question whether he will resign if newly elected US President Trump requests from him such a move. He clearly stated that he will not resign and soon after closed the Q&A session.
Another topic that is emerging among Fed Governors is what will happen if the US imposes high tariffs on imported goods, as newly elected President Trump was mentioning in his presidential campaign? This question was commented by the Minneapolis Fed President Kashkari, who noted that such an action could worsen a long term inflation outlook. Economists are noting that such a course of action might impact the Fed to increase interest rates again, if inflation needs to be kept under control.
While the Western news are speaking about future potential import taxes for foreign goods, which might be implemented by the new US government, China continues to stay focused on its own economy. News have reported that the China government is planning a five-years package around $1,4 trillion in yuan equivalent. The aim with the latest measure is to tackle the Government debt, while there has been announcements that more of aid for the economy might come during the following year. The package should be released mainly through a debt-swap program, however, investors did not perceive such an approach to the current Government problems. The IShares China Large Cap exchange traded fund, was down by nearly 5% on the news.
Crypto market cap
After the US Presidential elections during the previous week, it seems like there is a new dawn for the crypto market. Namely, as newly elected President Trump was highly pro-crypto during the presidential election, so the markets are currently expecting that the crypto ecosystem will finally have full support from the US government for its further expansion. The market reacted in line with this sentiment, pushing the crypto market and BTC to the new historically highest levels. Total crypto market capitalization was increased by 18% during the whole week, adding more than 412B to the market value. Daily trading volumes were more than doubled from the week before, where it was traded around 278B on a daily basis. Total crypto market capitalization increase from the end of the previous year currently stands at 1.053B, which represents a 64% surge from the beginning of this year.
It was one of the best weeks on the crypto market, certainly not recently seen. All coins gained during the week, with BTC leading the market. Incredible gains were also part of this weekly story. BTC gained the most of all coins, adding more than 222B to its market cap, increasing it by 16.1%. During the week, BTC also recorded a new all time highest value above the 80K. ETH was in second place with an inflow of 82.6B to its market cap, increasing it by 27.5%. ETH managed to cross the 3K psychological level. DOGE was a surprise of the week, with an increase in the market cap of 17.1B or 73%. More than $ 8B in value managed to add ADA and BNB, where ADA increased its market value by 66.2% while BNB surge was 10.2%. A market favorite Solana should also be mentioned as the coin increased its market cap by 22.1B or 28.44%. The list of gaining coins could continue, as weekly gains were quite significant between 20% and 30%. Only rare coins managed to add below or up to 10% during the week.
Coming to coins in circulation, the situation was relatively stable with the exception of a few coins with higher gains and decrease of circulating coins. Maker gained the most new coins as they were increased by 0.7% on a weekly basis. Filecoin, Polkadot, Solana and Stellar added 0.2% of new coins, each. Tether increased the number of coins on the market by 2.2%, increasing by this percentage its total market cap. On the opposite side was standing Polygon, which decreased its number of circulating coins by 1.9%, while Algorand pulled 0.8% of coins in circulation.
Crypto futures market
The crypto futures market fully reflected developments on the spot market during the previous week. Both BTC and ETH futures significantly gained during the week. BTC futures gained more than 10% for all maturities, while ETH futures surged by around 17%. BTC futures maturing in December this year ended the week at $77.935, while those maturing in December 2025 closed the week at $85.020. March 2026 was closed even higher, at $86.835 which is the highest ever level reached for BTC.
Similar situation was with ETH futures, where almost all maturities crossed the psychological 3K line. In this sense, December 2025 closed the week at $2.993, still 17.19% higher from the week before, while December 2025 was last traded at $3.207.
Regardless of the FOMC meeting and rate cut for another 25 bps, still the major event during the week was related to the US Presidential elections. It seems that investors were more than satisfied with the American votes, as almost all markets finished the week in green, few of them with fresh new all time highest levels. Equity markets were the first to react to election results, by pushing the S&P 500 to new ATH at the level of 6.010. Another market which significantly gained with the election was the crypto market. BTC passed the level of 80K, reaching another all-time highest level. On news that a new US President might influence peace negotiations in the Middle East, the price of gold slowed down and reverted back toward the $2,65K level. The US Treasury bonds were the only to stay resilient, and waited for the FOMC decision in order to return back toward the 4,30 level.
The FOMC members cut interest rates by another 25 bps at their meeting held on Thursday. Speaking about the state of the economy, Fed Chair Powell noted that “The Committee judges that the risks to achieving its employment and inflation goals are roughly in balance”. This sentence summarizes the current view of FOMC members on the state of the US economy. Although this was an expected move, still the after-the meeting speech of Fed Chair Jerome Powell was marked with a question whether he will resign if newly elected US President Trump requests from him such a move. He clearly stated that he will not resign and soon after closed the Q&A session.
Another topic that is emerging among Fed Governors is what will happen if the US imposes high tariffs on imported goods, as newly elected President Trump was mentioning in his presidential campaign? This question was commented by the Minneapolis Fed President Kashkari, who noted that such an action could worsen a long term inflation outlook. Economists are noting that such a course of action might impact the Fed to increase interest rates again, if inflation needs to be kept under control.
While the Western news are speaking about future potential import taxes for foreign goods, which might be implemented by the new US government, China continues to stay focused on its own economy. News have reported that the China government is planning a five-years package around $1,4 trillion in yuan equivalent. The aim with the latest measure is to tackle the Government debt, while there has been announcements that more of aid for the economy might come during the following year. The package should be released mainly through a debt-swap program, however, investors did not perceive such an approach to the current Government problems. The IShares China Large Cap exchange traded fund, was down by nearly 5% on the news.
Crypto market cap
After the US Presidential elections during the previous week, it seems like there is a new dawn for the crypto market. Namely, as newly elected President Trump was highly pro-crypto during the presidential election, so the markets are currently expecting that the crypto ecosystem will finally have full support from the US government for its further expansion. The market reacted in line with this sentiment, pushing the crypto market and BTC to the new historically highest levels. Total crypto market capitalization was increased by 18% during the whole week, adding more than 412B to the market value. Daily trading volumes were more than doubled from the week before, where it was traded around 278B on a daily basis. Total crypto market capitalization increase from the end of the previous year currently stands at 1.053B, which represents a 64% surge from the beginning of this year.
It was one of the best weeks on the crypto market, certainly not recently seen. All coins gained during the week, with BTC leading the market. Incredible gains were also part of this weekly story. BTC gained the most of all coins, adding more than 222B to its market cap, increasing it by 16.1%. During the week, BTC also recorded a new all time highest value above the 80K. ETH was in second place with an inflow of 82.6B to its market cap, increasing it by 27.5%. ETH managed to cross the 3K psychological level. DOGE was a surprise of the week, with an increase in the market cap of 17.1B or 73%. More than $ 8B in value managed to add ADA and BNB, where ADA increased its market value by 66.2% while BNB surge was 10.2%. A market favorite Solana should also be mentioned as the coin increased its market cap by 22.1B or 28.44%. The list of gaining coins could continue, as weekly gains were quite significant between 20% and 30%. Only rare coins managed to add below or up to 10% during the week.
Coming to coins in circulation, the situation was relatively stable with the exception of a few coins with higher gains and decrease of circulating coins. Maker gained the most new coins as they were increased by 0.7% on a weekly basis. Filecoin, Polkadot, Solana and Stellar added 0.2% of new coins, each. Tether increased the number of coins on the market by 2.2%, increasing by this percentage its total market cap. On the opposite side was standing Polygon, which decreased its number of circulating coins by 1.9%, while Algorand pulled 0.8% of coins in circulation.
Crypto futures market
The crypto futures market fully reflected developments on the spot market during the previous week. Both BTC and ETH futures significantly gained during the week. BTC futures gained more than 10% for all maturities, while ETH futures surged by around 17%. BTC futures maturing in December this year ended the week at $77.935, while those maturing in December 2025 closed the week at $85.020. March 2026 was closed even higher, at $86.835 which is the highest ever level reached for BTC.
Similar situation was with ETH futures, where almost all maturities crossed the psychological 3K line. In this sense, December 2025 closed the week at $2.993, still 17.19% higher from the week before, while December 2025 was last traded at $3.207.
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