BUSINESS TIMES SG · 2026-11-02 12:16 UTC

Greenback pulls back ahead of US midterms; Bitcoin stabilises after crypto heist

US dollar eased 0.5% against a basket of major currencies ahead of midterm elections and central bank decisions. Bitcoin rebounded to $78,184 and Ether rose 1.5% to $2,296 after a $6.3 billion heist at Binance, with customers withdrawing $3.64 billion but the exchange reporting stabilizing outflows. Oil prices fell 3.8% on diplomatic hopes for US-Iran resolution, while euro and sterling gained against the weakening dollar.

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