Bouncebit Jumps on Ethena Partnership
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Daily Bits
May 27, 2024
3 min read
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Daily Top Performer — BounceBit (BB)
Last week, the SPX index is up 0.3%, despite some economic data indicating rising price pressures, improved inflation expectations and solid earnings reports contributed to the market's positive performance. The likelihood of a Federal Reserve rate cut in September is now considered almost even by markets. The broader cryptocurrency market is up, with Bitcoin and Ether rising by 0.78% and 2.58%, respectively in the past 24 hours.