Former CME floor trader Bob Dunn joins Merlin for a show revolving around trading Currencies through the futures market. Bob stresses the difference between the terms “Currencies and Forex”, citing significant differences. Bob also shares with listeners some stories from the trading floor days.
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Ripple is trading within a broadly constrained technical structure, with support at $1.00 and key moving averages limiting its recovery potential. In August, the remittance token declined by approximately 6.5%, extending its total pullback to around 14% from July's $1.18 peak.
PI is holding steady around $0.0887 on Wednesday, sustaining its 2% gain from the previous day. Data shows a fresh spike in retail demand amid stable positional buildup in PI futures. The technical outlook for PI is mixed, with the price holding at a crucial support level at $0.08397.
Uniswap faces intense selling pressure, down nearly 6% on Wednesday after a 5% drop the previous day. The launch of Continuous Clearing Auctions on Avalanche enables teams to run on-chain token auctions and bootstrap liquidity, reducing friction in interoperability.
Cryptocurrency prices are largely consolidating, with Bitcoin hovering near the resistance at $64,000 at the time of writing on Wednesday. Ethereum shows signs of recovery but remains below the $1,900 hurdle, while Ripple hovers above the critical $1.00 support and is struggling to gain momentum.
