The U.S. trade deficit just hit its smallest reading since 2009, contracting 39% down to $29.4 billion in October. That's a pretty significant move. Behind the numbers: imports tanked 3.2%, with pharmaceutical shipments leading the decline. Meanwhile, exports climbed 2.6%, which wasn't expected to be as strong.

Here's why this matters for market watchers—the Atlanta Federal Reserve is now tracking net trade to contribute nearly 2 full percentage points to Q4 GDP growth. That's meaningful. When trade dynamics swing this sharply, it typically ripples through asset markets and investor sentiment. Fewer imports, more exports, and GDP momentum holding up can signal economic resilience, which usually shifts how traders price risk across all asset classes, crypto included.