The week ended with indices clawing into positive territory for the year, and a major bounce in crude oil. John and Merlin take a look at many different aspects of the markets including oil, gold, risk management and the first “Donkey of the Day” for 2015!
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Zcash rally continues to scale higher, trading above $1,600 on Wednesday after a 10% jump the previous day. The privacy-focused token witnesses a surge in shielded activity, recording the highest weekly total since 2022, while Grayscale’s ZEC-focused fund logged over $30 million in inflows on Tuesday.
Top altcoins, including Bitcoin Cash, BitcoinSV, and LayerZero, are up in double digits over the last 24 hours, suggesting a potentially stable upward trend. BCH reclaims the $300 threshold, scaling to a three-month high while BSV and ZRO are trading at their annual and four-month highs, respectively.
Bitcoin, Ethereum, and Ripple bulls take a breather mid-week after gains of 6%, 4%, and 13% so far this week. BTC consolidates at $86,300, ETH hovers around $2,751, and XRP is at $1.57. The price action of these top three cryptocurrencies suggests bulls remain in control.
Ethereum held above $2,700 on Tuesday after starting the week on a positive note. The top crypto stretched its 7-day gains to 14% after energy prices and the US 10-year Treasury yields dipped on Monday.
