Indexes were back to their negative ways today, shedding a couple days worth of gains. Greece is back in the spotlight, and bad economic data weigh on the US Markets. Master trader, Tim Pesut joins Merlin for a look at what he sees happening in the FX markets, and offer traders insight into his preferred trading pairs.
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XRP logs three consecutive days of declines, trimming last week's gains, and trades below $1.50. US-listed spot XRP ETFs record rising inflows, amounting to $76 million last week, but fail to cushion profit-taking headwinds.
Bitcoin trades below $82,800 at the time of writing on Monday after gaining over 4% last week, with the rally losing momentum near recent highs. Strong institutional demand, supported by spot Bitcoin Exchange Traded Fund inflows, continues to drive demand.
Pi Network extends losses below $0.090 on Monday, risking the 6% gains from last week's recovery. The Pi Core Team plans to roll out the next Protocol 28 upgrade on October 16, focused on improving transaction data handling and smart contract maintenance.
Cryptocurrency prices are broadly moderating on Monday, with Bitcoin hovering below $83,000 at the time of writing. Ethereum and Ripple reflect BTC’s weakness, as sellers return, pushing prices below $2,650 and $1.50, respectively.
