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EUR/USD lost its bullish momentum and declined below the 0.9600 area during the American trading hours on Tuesday. The negative shift witnessed in risk sentiment seems to be helping the dollar gather strength and causing the pair to stay on the backfoot.
GBP/USD erased a portion of its daily gains in the second half of the day on Tuesday and fell toward 1.0750. The dollar capitalizes on upbeat consumer confidence data and the risk-averse market environment further weighs on the pair.
Bitcoin price is exploring highs above $20,000 on Tuesday after holding support at $18,800 for nearly four days. Green sprouts are noticeable across the market, led by Uniswap price’s 16.70% move to $6.60
Ethereum price shows a steady climb over the last twelve hours as a direct consequence of the sudden spike in Bitcoin price, which influences the whole crypto market.
XRP price shows an interesting development in the lower time frame that hints at a potential retracement. The higher time frame scenario also entertains the possibility of a deeper pullback after its recent explosive move.