Market guru, Bill Gross, forecasts the next 35 years as lacking big market gains, and the end of a super cycle in the market. Master trader, Scott McCormick joins Merlin to see if it is truly a super cycle, and what impact that might have on traders going forward. The duo also talk about current market levels and trends.
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Online Trading Academy Team
Online Trading Academy
Ripple shows signs of weakness as it slides below $1.50 on Thursday. The correction from September highs of $1.66 aligns with recent struggles faced by major assets Bitcoin and Ethereum.
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Bitcoin trades broadly between support at $82,500 and resistance at $85,000. Ethereum similarly remains under pressure, trading below $2,700 while the $2,600 level provides immediate support. At the same time, Ripple has slipped below the pivotal $1.50 level.
Bitcoin remains under pressure, trading below $84,000 on Thursday after failing to close above the $85,000 resistance zone the previous day. US-listed spot ETFs recorded an outflow of $148.69 million on Wednesday, snapping the nine-day inflow streak since mid-September.
