The market is now pricing in a 66% chance of a 25 basis point cut in the December FOMC meeting, down from Thursday’s 83%.XRP zoomed 17% in the past 24 hours to beat gains in bitcoin {{BTC}] and majors, as shifting U.S. regulatory climate supported growth in tokens previously hampered by the Securities and Exchange Commission’s actions.
SEC and commissioners, including chairman Gary Gensler, accusing them of unconstitutional overreach of the crypto industry. Meanwhile, BTC and majors slid as much as 4% amid profit-taking in late U.S. hours Thursday, an expected market reaction following several days of growth.
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