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The S&P 500 rose 1.23% to a record high ahead of Big Tech earnings and the Fed’s rate decision, boosted by optimism over a potential US-China trade deal. Gold (XAU/USD) dropped to a two-week low near $4,000 as optimism over a US-China trade deal reduced safe-haven demand, though expectations of a Fed rate cut may provide some support. The Coindesk Indices, which tracks the broader crypto market, fell 1.04% with Bitcoin and Ether up 1.16% and 1.67%, 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 HBAR, up 3.4%, after USDC launched on Bybit, expanding access to the Hedera-native stablecoin for over 70 million users.