London Wrap: Platinum leads, crypto sells off
Platinum (+1.3%) and palladium (+1.11%) topped the board as London closed, while crypto led the losers with GRTUSD off 5.81% and Polkadot down 4.95%.
Platinum (+1.3%) and palladium (+1.11%) topped the board as London closed, while crypto led the losers with GRTUSD off 5.81% and Polkadot down 4.95%.
Altcoins lead crypto lower β GRT, Polkadot and XTZ all down over 4.7% β while platinum, palladium and silver catch a bid and the dollar holds firm.
Platinum rose 2.38% and silver 2.11% to lead a broad metals rally into the US close, with Cardano up 4.46% as the day's top gainer.

Platinum (XPTUSD) trades at 1691.69, up 2.38% on the session, 42% below its 52-week high, RSI 43.2, downtrend on daily and weekly frames.
Platinum led with a 4.27% gain and crude cleared $94 as equities sank across the board. Polkadot dropped 10.5% in a broad crypto pullback.
Platinum surged 4.3% and crude added over 2% while the DAX, CAC and Euro Stoxx 50 all shed more than 1.2%. Polkadot led a crypto pullback.
Tezos, Chainlink and platinum eased against the dollar after the US PPI and Core PPI data landed at 12:30 UTC. Here's how markets reacted.

A descriptive technical read of Platinum (XPTUSD) at 1903.38: trend structure, RSI 63.8, ATR at the 25th percentile, and its position in the 52-week range.
Platinum jumps 4.3% and crude clears $94 while Polkadot sheds 10.5% and equity indices open the day broadly lower. Where majors and crypto stand.
The yen strengthened broadly as JPY crosses fell around 1%, Polkadot led a mixed crypto tape up 8.9%, and platinum added 1.2%.
The yen firmed across every major cross as USDJPY slid to 154.33. Polkadot led crypto up 8.91% while UNI dropped nearly 6%. Platinum and oil pushed higher.
Cardano and Ethereum led a crypto bounce while the Euro Stoxx 50 fell 1.1% and platinum group metals tumbled. Oil extended its weekly gain.