John O'Donnell Sits in for Merlin. He discusses the global credit purge cycle within the Online Trading Academy core strategy. Learn how to prosper in the months and years ahead in the global capital markets deflationary trends.
Author
Merlin Rothfeld
Online Trading Academy
Merlin Rothfeld has been actively involved in the financial markets since 1996.
Bitcoin is trading below $64,000 amid a broader market risk-off sentiment. Emerging as top performers over the last 24 hours, Chainlink and Dogecoin sustain gains, hinting at an extended recovery. CoinMarketCap’s Fear and Greed Index at 38 reflects persistent risk-averse sentiment in the crypto market.
Bitcoin, Ethereum, and Ripple are showing mixed price action on Wednesday as traders assess key technical support levels. BTC remains under pressure after its recent decline, while ETH is attempting to extend its rebound from the 50-day Exponential Moving Average.
Over the past two years, Ethereum has faced one of its biggest challenges — its circulating supply has been in an uptrend, a direct stab at its ultrasound money thesis.
