Inflation data shows that PCE and core PCE both beat expectations, with an additional decrease of 0.1%. This greatly alleviates the current rumors of fewer interest rate cuts by the Federal Reserve next year, and now that Wall Street is back to work, a rebound is expected.

Additionally, if you look at the on-chain data, you will find that the Trump family's WLFI has increased its holdings by 759 ETH, indicating that Trump is buying the dip.