Commodities have had a rough time of late! Oil is getting crushed, copper falling like a rock, and others languishing with a strong dollar and potential global recession. Master trader, Don Dawson joins Merlin Rothfeld for a look at the driving forces behind these commodities and offers insights into where they may be headed next. The duo also answer several listener questions which are also in line with the Futures theme.
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Shiba Inu (SHIB), the dog-themed meme coin that became one of the biggest success stories in crypto and turned early buyers into crypto millionaires, is facing tough times. Its price has fallen more than 32% so far this year, and it is down 95% from its all-time high in 2021.
Bitcoin upholds a subtle recovery outlook on Monday, trading above $64,000 as investors reengage amid easing geopolitical tensions, particularly in the Middle East. Altcoins are broadly rising, led by Zcash and Bittensor, indicating a positive short-term turnaround.
Cryptocurrency prices are broadly rising on Monday, with Bitcoin reclaiming support above $64,000. Ethereum holds above $1,700 as bulls target a short-term breakout above $1,800. Meanwhile, Ripple is back above $1.13 after testing the $1.12 support level.
Bitcoin trades around $64,000 at the time of writing on Monday after declining nearly 4% in the previous week. BTC investors remain cautious despite signs of progress in the first round of US-Iran peace talks in Switzerland.
