S&P 500 outpaces Bitcoin, +0.7% to +0.5% – August 2, 2026

Looking back at August 2, 2026, the markets tracked by Alysly showed a mixed picture: 49 of 81 monitored assets (60 %) closed higher. The day's biggest swing came from the crypto asset Cardano at +6.4 %. The major equity indices moved +0.1 % on average, as digital assets averaged +1.6 %.
The key points at a glance
- Breadth: 49 of 81 assets higher (60 %) – a mixed picture.
- Biggest daily move: Cardano at +6.4 %.
- Indices: 10 of 16 higher – strongest MSCI Emerging Markets (+0.79 %), weakest MSCI Japan (-0.96 %).
- Asset classes: leading crypto (+1.6 %), lagging precious metals (-1.4 %).
- Crypto: top gainer HOME (+31.1 %), top loser MUUB (-18.7 %).
- Correlation: S&P 500 ↔ Gold at +0.46 (moderately correlated).
Market barometer
Breadth = share of all tracked instruments (indices, liquid crypto, commodities, forex) with a positive daily change. Bars scale with the magnitude of each asset class's average daily return.
In focus: Cardano
At +6.4 %, Cardano was the day's most notable single move. The chart shows its trajectory over the selected range:
Indices on the day
Of the 16 benchmark indices tracked, 10 closed higher – so the majority advanced. MSCI Emerging Markets led the field at +0.79 %, while MSCI Japan trailed at -0.96 %. The “52W” column shows where each index sits within its yearly range – a marker far to the right means it is trading close to its 52-week high.
Crypto: daily gainers & losers
From the 50 largest crypto assets by trading volume – illiquid micro-caps excluded.
Gainers
The crypto market's daily mean was +1.6 %. Leading the pack was HOME at +31.1 %, with MUUB trailing at -18.7 %. Crypto remains the most volatile asset class covered here – daily swings of this magnitude are normal and say little about the long-term trend.
Commodities & precious metals
Precious metals averaged -1.4 %, energy and industrial commodities +0.2 %. Cyclical commodities outran metals – often a sign of growth and demand optimism. Gold is a traditional hedge, while crude oil and copper act as growth barometers.
| Name | Price | Change |
|---|---|---|
| WTI crude | 84.67 | +1.29 % |
| Brent crude | 87.93 | +1.21 % |
| Gasoline | 3.1142 | -0.55 % |
| Heating oil | 4.0955 | -0.81 % |
| Copper | 6.4655 | -0.14 % |
| Gold | 4107 | -1.29 % |
| Silver | 57.786 | -2.09 % |
| Platinum | 1658.7 | -0.09 % |
| Palladium | 1281.4 | -2.05 % |
Foreign exchange (Forex)
The key pair EUR/USD moved -0.04 % – the US dollar firmed against the euro, showing relative strength. A firmer dollar tends to weigh on commodities and emerging markets, a weaker one supports them. Prices are drawn from CME FX futures.
| Pair | Price | Change |
|---|---|---|
| 1.155 | -0.04 % | |
| 1.3482 | +0.05 % | |
| 0.0063145 | +0.00 % | |
| 0.7032 | +0.11 % | |
| 0.71465 | -0.19 % | |
| 1.243 | -0.53 % |
Cross-asset correlations
Over the past 90 trading days, S&P 500 and Gold were moderately correlated, with a correlation coefficient of +0.46. A value near +1 means they move together, near −1 they move opposite, near 0 there is no linear link. For portfolio diversification, low or negative correlations are valuable – they smooth out volatility.
| Pair | r (90d) | −1 … +1 |
|---|---|---|
| S&P 500 ↔ Bitcoin | +0.42 | |
| S&P 500 ↔ Gold | +0.46 | |
| Gold ↔ Crude oil (WTI) | -0.30 | |
| EUR/USD ↔ Gold | +0.45 |
Summary
On balance, August 2, 2026 was a day of a mixed picture across the markets Alysly tracks: 49 of 81 assets closed higher. The headline came from Cardano at +6.4 %. Across asset classes, crypto led (+1.6 %) while precious metals lagged (-1.4 %). The correlation between S&P 500 and Gold was moderately correlated (+0.46) – a gauge of how much diversification benefit combining the two currently offers. For long-term investors, though, single trading days are noise: what matters is broad diversification across asset classes, regions and time – not any one day's move.
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