Historic levels for the Nasdaq usher in a wave of skepticism amongst the hosts of Power Trading radio! Merlin and John offer their perspectives on what it means to have the market at these levels and what traders should be looking at. Listeners also ask questions on zero interest rates, market crashes, and inverse market Leaps.
Author
Ripple (XRP) is gaining momentum above $1.50 at the time of writing on Wednesday, as the cryptocurrency extends stability following the cooldown from last week’s rally.
Bitcoin trades lethargically on Wednesday, with bulls battling to defend the immediate $83,000 level as immediate support. Ethereum trades in tandem with Bitcoin. Ripple, meanwhile, hovers near $1.50,
Bitcoin consolidates near $83,000 on Wednesday after bulls failed to close above the key $85,000 level earlier this week. Rising US Treasury yields and key macroeconomic data releases this week are keeping BTC investors cautious.
Pi Network edges above $0.0910 at press time on Wednesday, advancing the mild recovery from the previous day. The PI futures Open Interest shows a positional buildup, possibly supporting a rebound amid broader market risk-on sentiment.
