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The S&P 500 hit a new record high last week, gaining 1.09% as tech and AI stocks led the rally. Investors shrugged off the government shutdown, with markets now expecting Fed rate cuts in October and December. Gold nears $4,000 as investors and central banks rush in amid inflation, rate cuts, and fading trust in fiat. Up 40% this year, it’s now seen less as a hedge and more as a conviction asset in a weakening dollar era. CoinDesk Indices, which track the broader crypto market, fell 0.11% in the past 24 hours, while Bitcoin and Ether up 0.24% and 0.04%, respectively. Trade these markets and more with up to 500x leverage on Bybit MT5 using this link.
Today’s top performer is CELO, up 23.6%, as Celo and Ethereum drive a surge in stablecoin adoption and on-chain payment growth.