Alone in studio, Merlin looks to answer several listener questions covering a wide variety of currencies and commodities. Merlin focuses on the Euro, and offers some insights as to what to expect from the ECB press conference on Thursday. He also looks at gold and the potential to jump on the momentum.
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Ripple holds firmly above the $1.00 near-term support at the time of writing on Monday. The remittance token’s upside is capped under key descending moving averages, undermining the broader technical outlook.
Cryptocurrency prices are gaining traction on Monday, with Bitcoin trading above $65,000, Ethereum holding the near-term $1,900 support and Ripple hovering above the critical $1.00 demand zone. The broad recovery comes amid capital inflows through US-listed ETFs.
Worldcoin is up 12% so far on Monday, advancing the mild gains from the previous day. Eightco Holdings reported that it holds 302 million WLD tokens, worth roughly $96 million, indicating steady institutional interest, with retail demand holding firm as Open Interest is up 15% in 24 hours.
Bitcoin holds above $65,000 at the time of writing on Monday, after recovering more than 2% last week, with bulls finding support around the 200-week Simple Moving Average. Strong spot Exchange Traded Funds inflows point to renewed institutional demand.
