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The S&P 500 rose 0.03% as investors awaited the CPI report and Powell’s testimony, with no imminent rate cuts expected. Gold regained $2,900 amid USD weakness, maintaining a bullish trend despite overbought conditions. Coindesk Indices, an index measuring broader cryptocurrency market performance was down by 2.11%, with Bitcoin and Ether dropping by 2.15% and 1.64%, respectively in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this link.
Today’s top performer is ARC, which surged nearly 16.6% following the unveiling of its streamlined token launch mechanism.