Dollar declines ahead of US midterms as oil falls; bitcoin steadies after crypto theft
Published . Updated .
The dollar declined as oil prices tumbled and markets steadied ahead of the US midterm elections and key central bank rate decisions.
Directly affected
- No company is named in this report.
Indirectly affected
- USO United States Oil Fund+13.9% 30d
United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story.
- XLE Energy Select Sector SPDR+12.1% 30d
Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story.
- IBIT iShares Bitcoin Trust-11.5% 30d
iShares Bitcoin Trust: it follows bitcoin. Linked by “bitcoin” (crypto) in this story.
- UUP Invesco DB US Dollar Index Bullish Fund+2.2% 30d
Invesco DB US Dollar Index Bullish Fund: it tracks currencies. Linked by “the dollar” (currencies) in this story.
- COIN Coinbase Global-28.7% 30d
Coinbase Global (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “bitcoin” (crypto) in this story.
- MSTR Strategy-22.5% 30d
Strategy (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “bitcoin” (crypto) in this story.
- MARA MARA Holdings-9.9% 8d
MARA Holdings (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “bitcoin” (crypto) in this story.
- XOM ExxonMobil Holdings+13.4% 16d
ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| USONo price data for this ticker | — | — | — | — | — | — | — |
| XLENo price data for this ticker | — | — | — | — | — | — | — |
| IBIT | +4.24% | +6.39% | base | +0.60% | after close | after close | after close |
| UUPNo price data for this ticker | — | — | — | — | — | — | — |
| COIN | +11.38% | +13.37% | base | -2.53% | after close | after close | after close |
| MSTR | +7.15% | +11.26% | base | +2.44% | after close | after close | after close |
| MARA | +1.18% | +8.88% | base | -2.29% | after close | after close | after close |
| XOM | -1.45% | -2.77% | base | -3.50% | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Market Call
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Dollar declines ahead of US midterms as oil falls; bitcoin steadies after crypto theft Idaho Business Review
Source: Idaho Business Review
How far iShares Bitcoin Trust ETF (IBIT) has moved since 2 Nov 2026
| Company | When | Move | Status |
|---|---|---|---|
| Coinbase Global (COIN) | that day | -2.53% | still updating |
| Coinbase Global (COIN) | three days earlier | +13.37% | final price |
| Coinbase Global (COIN) | five days earlier | +11.38% | final price |
| iShares Bitcoin Trust ETF (IBIT) | that day | +0.60% | still updating |
| iShares Bitcoin Trust ETF (IBIT) | three days earlier | +6.39% | final price |
| iShares Bitcoin Trust ETF (IBIT) | five days earlier | +4.24% | final price |
| MARA Holdings (MARA) | that day | -2.29% | still updating |
| MARA Holdings (MARA) | three days earlier | +8.88% | final price |
| MARA Holdings (MARA) | five days earlier | +1.18% | final price |
| Strategy (MSTR) | that day | +2.44% | still updating |
| Strategy (MSTR) | three days earlier | +11.26% | final price |
| Strategy (MSTR) | five days earlier | +7.15% | final price |
| ExxonMobil Holdings (XOM) | that day | -3.50% | still updating |
| ExxonMobil Holdings (XOM) | three days earlier | -2.77% | final price |
| ExxonMobil Holdings (XOM) | five days earlier | -1.45% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Rohit Khanna bought Coinbase Global (COIN) (held by a spouse), worth $1,001 - $15,000 on 4 Sep 2026. That is 59 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Gilbert Cisneros sold Coinbase Global (COIN), worth $1,001 - $15,000 on 18 Aug 2026. That is 76 days before publication. Filed 10 Sep 2026. View the filing.
- Donald J Trump, an executive branch official, sold Coinbase Global (COIN), worth $1,001 - $15,000 on 10 Aug 2026. That is 84 days before publication. Filed 8 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Strategy (MSTR), worth $1,001 - $15,000 on 10 Aug 2026. That is 84 days before publication. Filed 8 Oct 2026. View the filing.
- Rep. Pete Sessions sold ExxonMobil Holdings (XOM), worth $1,001 - $15,000 on 14 Oct 2026. That is 19 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Kevin Hern sold ExxonMobil Holdings (XOM) (jointly held), worth $100,001 - $250,000 on 31 Aug 2026. That is 63 days before publication. Filed 25 Sep 2026. View the filing.
- Rep. Pete Sessions sold Chevron (CVX), worth $15,001 - $50,000 on 14 Oct 2026. That is 19 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Kevin Hern sold Chevron (CVX) (jointly held), worth $15,001 - $50,000 on 23 Sep 2026. That is 40 days before publication. Filed 13 Oct 2026. View the filing.
- Rep. Maria Elvira Salazar bought Chevron (CVX), worth $1,001 - $15,000 on 2 Sep 2026. That is 61 days before publication. Filed 7 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Companies in energy around iShares Bitcoin Trust ETF (IBIT)
Companies tied to this story
- IBIT iShares Bitcoin Trust ETF
In “Dollar declines ahead of US midterms as oil falls; bitcoin steadies after crypto theft,” iShares Bitcoin Trust ETF (IBIT) is linked, with no stored direction, medium confidence. Reason on file: iShares Bitcoin Trust: it follows bitcoin. Linked by “bitcoin” (crypto) in this story
- USO United States Oil Fund
In “Dollar declines ahead of US midterms as oil falls; bitcoin steadies after crypto theft,” United States Oil Fund (USO) is linked, with no stored direction, medium confidence. Reason on file: United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story
- COIN Coinbase Global
For “Dollar declines ahead of US midterms as oil falls; bitcoin steadies after crypto theft,” Coinbase Global (COIN) is linked, with no stored direction, medium confidence. Reason on file: Coinbase Global (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “bitcoin” (crypto) in this story
- MSTR Strategy
In “Dollar declines ahead of US midterms as oil falls; bitcoin steadies after crypto theft,” Strategy (MSTR) is linked, with no stored direction, medium confidence. Reason on file: Strategy (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “bitcoin” (crypto) in this story
- MARA MARA Holdings
In “Dollar declines ahead of US midterms as oil falls; bitcoin steadies after crypto theft,” MARA Holdings (MARA) is linked, with no stored direction, medium confidence. Reason on file: MARA Holdings (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “bitcoin” (crypto) in this story
- RIOT Riot Platforms
For “Dollar declines ahead of US midterms as oil falls; bitcoin steadies after crypto theft,” Riot Platforms (RIOT) is linked, with no stored direction, medium confidence. Reason on file: Riot Platforms (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “bitcoin” (crypto) in this story
- XOM ExxonMobil Holdings
For “Dollar declines ahead of US midterms as oil falls; bitcoin steadies after crypto theft,” ExxonMobil Holdings (XOM) is linked, with no stored direction, medium confidence. Reason on file: ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
- CVX Chevron
Chevron (CVX) is linked, with no stored direction, medium confidence in the 2 Nov 2026 story “Dollar declines ahead of US midterms as oil falls; bitcoin steadies after crypto theft.” Reason on file: Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
iShares Bitcoin Trust ETF (IBIT) and the energy link
iShares Bitcoin Trust ETF (IBIT) is the company in “Dollar declines ahead of US midterms as oil falls; bitcoin steadies after crypto theft,” the 2 Nov 2026 Energy story.
iShares Bitcoin Trust ETF (IBIT) is on the page because iShares Bitcoin Trust: it follows bitcoin. Linked by “bitcoin” (crypto) in this story
United States Oil Fund (USO) is here too. Its reason reads: United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story
Dates and price levels for iShares Bitcoin Trust ETF (IBIT)
COIN traded between 136.89 and 192.80 across 20 sessions. The latest close on file is 143.28. IBIT traded between 43.03 and 49.12 across 20 sessions. The latest close on file is 43.36. USO traded between 141.82 and 171.80 across 20 sessions. The latest close on file is 168.83.
How solid the energy case looks
46 out of 100Price not final
“Dollar declines ahead of US midterms as oil falls; bitcoin steadies after crypto theft” scores 46 out of 100. The score uses 1 sources, and 8 linked companies. The price is not final yet.