$BTC is slightly down, having mostly traded around the $100k area. As of now, $BTC is trading at $100,009 and $ETH is trading at $3,861. Bitcoin dominance stands at 56.5%.
The U.S. PPI rose 0.4% in November, surpassing the 0.2% forecast, with the previous value revised to 0.3%. Annually, PPI hit 3%, above the 2.6% expectation, with the prior figure revised to 2.6%. Markets now see a 96.7% chance of a 25bps cut at the December FOMC meeting.
Other notable headlines include: Donald Trump pledged to “do something great with crypto,” BlackRock recommends a 1-2% bitcoin allocation, and Republicans voted to pick crypto-friendly French Hill as chair of the pivotal U.S. House Financial Services Committee.
In the past 24 hours, the top gainers were $AAVE, $LINK, and $LDO, while the top losers were $ME, $MOVE, and $BABYDOGE.
