John O’Donnell calls in from Vancouver where he is teaching a free class on market timing. Merlin and John talk about some of the market evolution that has happened in Canada. Other topic include oil, precious metals, global currencies and much more!
Author
Bitcoin claims the $85,000 level on Monday after gaining 5.64% and closing above the 50-week SMA at $78,200 the previous week. US-listed spot Bitcoin ETFs recorded mild $6.21 million inflows last week, showing resilience despite the CLARITY Act setback and hawkish Fed outlook.
Ripple (XRP) holds a strong bullish picture, rising to trade near $1.50 on Monday. The remittance token marks four consecutive days of gains, supported by robust momentum indicators and increased risk appetite in the broader cryptocurrency market.
Cryptocurrencies are broadly rising on Monday, led by Bitcoin’s (BTC) surge to $85,000. Altcoins are following BTC’s bullish trend, with Ethereum (ETH) trading above $2,700 and Ripple (XRP) holding steady at $1.47.
Pi Network is up 4% on Monday, advancing its near-term recovery after a 2% rebound the previous day. The broader cryptocurrency market's recovery, with Bitcoin hitting an eight-month high of $85,000, is boosting investors’ risk appetite for high-risk crypto assets like the PI token.
