Ethereum (CRYPTO: ETH), the world’s second-largest digital asset, has experienced an 8% surge in the last 24 hours, outperforming Bitcoin (CRYPTO: BTC).
Teucrium Sugar Fund ETF (ARCA: CANE) gapped down to open Monday’s trading session but was looking to have found a potential local bottom from a technical analysis perspective.
It’s a lackluster trading session on Wall Street, with the main indices experiencing slight declines as traders adopt a cautious stance ahead of a data-heavy week.
Spikes in commodity prices raise concerns of a 1970s-like economic outlook, with oil at $100/barrel & gold at $3,000/ounce. Geopolitics could worsen situation for Biden's admin.
Tesla continues to suffer due to adverse catalysts and Cathie Wood's Ark Invest, which is bullish on the company, used the weakness due to add to its position.