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The S&P 500 rose 0.3% to a record high ahead of the CPI report and potential Fed rate cut. Gold climbed to around $3,645 on Fed rate cut expectations, a weaker dollar, and geopolitical tensions, with traders awaiting the US CPI report for further direction. The Coindesk Indices, which tracks the broader crypto market, rose 1.92%, with Bitcoin down 0.05% and Ether up 0.71%, 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 AVAX, up 11.3% after the Avalanche Foundation highlighted ecosystem growth with a new API, DAO updates, and global adoption efforts.