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The S&P 500 rose 0.03% as hotter July PPI data curbed expectations for a large September Fed rate cut. Gold fell to near $3,330 as hotter-than-expected US PPI data strengthened the dollar and dampened rate-cut hopes, putting XAU/USD at risk of sliding toward $3,300. The Coindesk Indices, which tracks the broader crypto market, fell 4.81%, with Bitcoin and Ether down 3.90% and 3.92%, 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 SKL, up 53.8% after “It Remains” launched its interactive, gas-free transmedia experience on SKALE.