Inflation data shows that both PCE and core PCE have beaten expectations, with an additional decrease of 0.1%. This has greatly alleviated the current rumors of the Federal Reserve lowering interest rates less next year, and now that Wall Street is back in session, a rebound is expected.
Additionally, if you look at 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.