Markets are pricing in approximately a 15% probability of the Fed delivering a 50-basis-point rate hike on December 9. When the data was released, this figure briefly climbed as high as 30%. Before the release, it stood at just 1.4%. As expectations for a Fed rate hike increase, Friday's U.S. PPI data will also be closely watched. In summary, all of these developments create negative price pressure for $BTC $XAUt and Stocks.