London Wrap: Crude sinks 5%, crypto sells off
Brent fell 5.12% and Cardano led crypto lower as European equities ground higher, with the Nikkei up 1.39% and the DAX adding 0.59%.
Brent fell 5.12% and Cardano led crypto lower as European equities ground higher, with the Nikkei up 1.39% and the DAX adding 0.59%.
Altcoins eased broadly after the US Core PCE Price Index and Prelim GDP releases at 12:30 UTC, with ADA leading the pullback on ForexBullion's feed.

Cardano (ADAUSD) trades at 0.2084, down 5.66% on the session, sitting 6.65% above its 20-day average but 6.38% below its 200-day line. A descriptive technical read.
US Core PCE Price Index m/m lands 26 Aug at 12:30 UTC, forecast 0.2% vs 0.1% prior. Here's what it measures and how the affected instruments trade now.
Cardano leads a broad crypto pullback and Brent drops 5%, while the Nikkei jumps 1.39% and the Nasdaq 100 firms. FX majors sit quiet as the dollar softens.
Bitcoin firmed 1.56% to $78,934 while Dogecoin and XRP led an altcoin pullback. The Nasdaq 100 fell 1.18% as US tech lagged.
Bitcoin held +1.6% while Dogecoin dropped nearly 4% and XRP fell 2.5%. Tech-led indices sagged, oil slipped over 1%, and gold ticked higher.

BTCUSD trades at 78,934.63, up 1.56% with RSI at 82.2 and price 16.94% above its 20-day average. A descriptive technical read of Bitcoin's daily and weekly structure.
Bitcoin edged up to $78,935 while Dogecoin and XRP led crypto losers, tech indices sagged and gold pushed higher. Here's where markets open.
Crypto led the US session with XRP up 5.8% and 54% on the week, while gold held near $4,624 and oil slipped under $86.
Crypto ran hot into the London close with XRP up 5.8% and Ethereum, Solana and Bitcoin all higher, while oil slipped and European indices firmed.
Treasury Secretary Bessent speaks at 18:00 UTC on Aug 24. Here's what the appearance covers for the USD and how crypto CFDs are trading now.