The do's and don’ts of trading [Video]
![The do's and don’ts of trading [Video]](https://editorial.fxstreet.com/images/Markets/Equities/stock-certificates-11742678.jpg)
Join ACY Securities Chief Market Analyst, Alistair Schultz, as he takes us through his ideas on what to do and what not to do in trading.
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Alistair Schultz
Independent Analyst
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Ripple extends lock-step trading for the third straight day on Friday, as support at $1.40 comes under pressure. The remittance token has remained largely in defense mode since last week’s 72% rally from $1.00 to highs around $1.70.
Bitcoin is back below $80,000 at the time of writing on Friday, after a second attempt at breaking resistance between $81,000 and $82,000. Meanwhile, Ethereum and Ripple mirror Bitcoin’s cooling trend, with ETH sliding to $2,500 and XRP falling toward $1.40 support.
Bitcoin rises over 2% this week, holding near $80,000 after testing the 50-week SMA at $81,114. US-listed spot Bitcoin ETFs are on track for a second straight week of billion-dollar inflows, with $1.13 billion recorded through Thursday.
Hyperliquid (HYPE) is down 2% on Friday after reaching a record high of 86.75 the previous day. Nasdaq-listed Hyperliquid Strategies Inc (PURR) raised almost $650 million in an equity deal to increase its HYPE holding to 29.3 million tokens.
Bitcoin (BTC) extends gains so far this week, trading near $80,000 after testing the 50-week Simple Moving Average (SMA) at $81,114 earlier. Strong institutional demand is supporting the rally, with spot BTC Exchange Traded Funds (ETFs) on track to record a second consecutive week of billion-dollar inflows.
