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The S&P 500 hit a record close, up 0.83%, as soft jobs data boosted Fed rate cut expectations ahead of the August payroll report. Gold dipped 0.48% to $3,542 as traders took profits ahead of NFPs, despite strong Fed rate cut bets. Mixed US data and political uncertainty continue to support safe-haven demand. The Coindesk Indices, which tracks the broader crypto market, fell 1.74%, with Bitcoin and Ether down 0.4% and 3.58%, 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 PUMP, up 7.1% after Pump.fun launched Project Ascend to boost creator rewards and scale ecosystem growth.