Bitcoin (BTC) is extending its decline below $64,000 at the time of writing on Wednesday, asGold(XAU/USD) maintains its breakout momentum, trading near $4,420. The varied price action follows the release of the United States (US) Consumer Price Index (CPI) report, which broadly met market expectations.
Ripple(XRP) is trading within a broadly constrained technical structure, with support at $1.00 and key moving averages limiting its recovery potential. In August, the remittance token declined by approximately 6.5%, extending its total pullback to around 14% from July’s $1.18 peak. A drop below the key short-term support would further undermine recovery prospects.
Wintermute, a London-based algorithmic trading company and liquidity provider, is planning to invest roughly $1 billion in high-frequency trading and Artificial Intelligence (AI) data centers over the next five years.
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