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The SPX index was up by 1.16%, expectations of potential Federal Reserve interest rate cuts fueled gains, despite concerns about the economy. Markets are now focused on upcoming inflation data for further clarity on interest rates. Coindesk Indices, an index measuring broader cryptocurrency market performance was up by 3.09%, with Bitcoin and Ether rising by 5.12% and 2.88%, respectively in the past 24 hours.
Today's top performer is AAVE, which surged 9.8% following the launch of a dedicated market for Ether.fi's weETH, highlighting high demand and Aave V4 features.