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Fresh US inflation data released Tuesday delivered an upside surprise that markets were not fully prepared for. Headline CPI rose 3.8% year over year in November, above the 3.7% forecast and significantly higher than the previous 3.3% reading. Core CPI climbed to 2.8%, also beating expectations. On a monthly basis core inflation accelerated 0.

 

XRP price remained under pressure on Tuesday as investors prepared for a major U.S. regulatory decision this week. Bitcoin price dipped slightly below $81,000 after some consolidation, and Ethereum remained slightly below the $2,300 threshold.

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XRP reclaimed breakout support as ETF inflows and bullish derivatives positioning accelerated together.

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Cardano founder Charles Hoskinson, who has been critical of the CLARITY Act, has praised the latest crypto bill's text. This comes as senators move to finalize the ethics provision, which could still be one of the major obstacles to the bill's eventual passage.