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The S&P 500 edged up 0.27% as markets await inflation data and increasingly price in a potential Fed rate cut. Gold hit a record $3,674 before retreating as US yields and the dollar rose. Weak jobs data boosted Fed rate cut bets, but upcoming inflation data may limit further gains. The Coindesk Indices, which tracks the broader crypto market, rose 0.87%, with Bitcoin down 0.11% and Ether up 0.10%, 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 IP, up 20.2% after Heritage Distilling became the first public company to anchor its reserves in the token, tapping into the AI-driven IP economy.