US Policy

U.S.-listed rare earth miners rallied Monday after reports President Trump is preparing an initiative to build a strategic stockpile of critical minerals to reduce reliance on China. Investors priced in possible policy support and increased demand for domestic extraction and processing.

Ripple CEO Brad Garlinghouse reiterated support for the CLARITY Act while flagging reservations about some provisions. His comments followed White House crypto czar David Sacks saying the bill could let banks more fully enter the crypto market.

Bitcoin slid under $95,000 as panic selling swept the market. Traders are watching for a potential U.S. liquidity injection of up to $300 billion expected within days and into mid-December.

Bitcoin fell with risk assets as unreliable US data, shifting Fed expectations and rising BTC–equity correlation hit investor confidence. A clearer macro picture or Fed guidance could spark a rebound.