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The S&P 500 fell 0.6% as Fed Chair Powell’s comments on delaying rate cuts, along with a stronger-than-expected October core PPI, lowered December cut odds from 82.5% to 48%. Coindesk Indices, an index measuring broader cryptocurrency market performance was down by 2.55%, with Bitcoin and Ether dropping by 2.49% and 1.17%, respectively in the past 24 hours.
Today’s top performer is NEAR, which surged 7.9% after Deutsche Telekom joined the NEAR Protocol to boost decentralization and user-owned AI.