The market traded rangebound with $BTC now trading at $58,134, up 1.4%, and $ETH at $2,361, up 0.9%. Notably, $XRP was once up 8% following the headline that Grayscale will launch the first U.S. XRP trust.
The PPI came in slightly higher than expected, with month-over-month growth at 0.2% and core PPI growth at 0.3%. Now the market is expecting a 43% chance of a 50 basis point rate cut, up from 14% a day ago.
A few headlines include Donald Trump announcing the launch date of World Liberty Financial, eToro settling with the SEC and ceasing crypto trading activity, and Kalshi listing long-sought election contracts after beating the CFTC in court.
During the last 24 hours, the top three gainers were $SUNDOG, $TWT, and $POPCAT, while the top three losers were $SUPER, $HNT, and $AAVE.
