The Daily Bullion: crypto climbs, oil sinks 3%
Polkadot leads a crypto bounce while crude drops over 3% and the dollar firms across the majors. Here's where markets stand at the open.
Polkadot leads a crypto bounce while crude drops over 3% and the dollar firms across the majors. Here's where markets stand at the open.
US crude surged 2.9% to $100.89 while XRP sank 9.75% in a broad crypto slide. Wall Street closed lower with the Nasdaq 100 off 0.6%.
Digital assets moved higher in the 90 minutes after the FOMC rate decision, with Stellar and XRP leading gains against the US dollar.
Crypto majors showed only modest, mixed moves after the September 16 FOMC Press Conference, with Stellar edging up and Cardano slipping in a muted reaction.
USOil jumped 2.9% and UKOil 1.8% while XRP shed 9.75% in a broad crypto slide. European indices eased and gold held near 4,293.

XRPUSD trades at 1.2834 after a 9.75% session drop, holding above its 200-day average but below the 20-day, with RSI at 45.2 and mid-range volatility.
The FOMC's Federal Funds Rate decision lands at 18:00 UTC on Sept 16, with a 4.00% forecast against a 3.75% previous. Here's what it measures and how markets trade.
Crypto opens deep in the red with XRP down 9.75% and XTZ off 9.61%, while USOil rallies 2.9% back above $100. The dollar firms into the session.
A broad crypto rally led the US close as Stellar surged 9.2% and XRP added 7.8%, while gold, silver and crude all slipped.
Stellar jumped 9.2% and XRP 7.8% as crypto rallied, while a firmer dollar pressured EUR/USD, gold and oil into the London close.

Stellar (XLMUSD) trades at 0.19309 after a 9.23% session gain, sitting above its 200-day average with neutral RSI and mid-range positioning. A descriptive read.
Crypto opens firm with Stellar up 9.23% and XRP up 7.75%, while gold, silver and oil ease and the dollar edges higher against the majors.