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It’s time for Yahoo Finance’s Market Minute.

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Three-bound in US stocks is holding as crypto rises and risk on sentiment remains on Wall Street.

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Meanwhile, President Trump says he plans to announce a new Fed chair early next year.

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The president made the remarks stating during a cabinet meeting at the White House.

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Treasury Secretary Scott Bessem, who has been overseeing the selection process, previously said the pick could come around Christmas.

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And shares of American Bitcoin are plunging today.

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The crypto firm co-founded by Eric Trump saw its share price half in less than 30 minutes in early trading.

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The decline triggered multiple trading halts for the stock and comes amid a broader sell off in digital assets.

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And shares of Instacart are sliding after Amazon announced plans for ultra fast delivery.

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The test program will offer 30-minute delivery beginning in Philadelphia and Seattle as its test markets.

00:54 Speaker A

And that’s your Yahoo Finance Market Minute.

00:56 Speaker A

For more on what’s trending on Yahoo Finance, scan the QR code below to track the best and worst performing stocks of the trading session.