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The S&P 500 fell 2.95% after the Fed cut rates but reduced 2025 cut projections, raising inflation and growth forecasts, which drove up Treasury yields. Coindesk Indices, an index measuring broader cryptocurrency market performance was down by 2.71%, with Bitcoin and Ether dropping by 5.71% and 6.00%, respectively in the past 24 hours.
Today's top performer is USUAL, which surged 38.21% following the partnership announcement between Usual, Ethena, and BUIDL to enhance liquidity, yield, and composability in DeFi.