- Top laggard TRON giving up $0.002, or 2.32%, so far this session Ripple (down 2.81%) has also underperformed today.
- European markets are up as FTSE is up by 0.5%, hitting 7,825.
The trading session is well on its way, the leading indices are showing gains — Dow Jones up 0.33%, trading at 33,800. S&P 500 up to 4,118.57, gaining 0.23%.
European markets are trending positively as FTSE increases to 7,825 (up 0.5%). Asia-Pacific session in progress; markets are rising as ASX 200 added 0.47% to trade at 7,344.
Uptick coincides with some positive signs published earlier as United States Crude Oil Inventories beat analyst expectations of -583,000 and the previous reading of -3.74 million with new data of 597,000.
Today's rise takes place amid mixed market indicators — United States Consumer Price Index released today at 12:30 UTC with a figure of 0.1%, while the previous figure was 0.4%. United States Consumer Price Index came out at 5%, while a consensus of analysts was expecting 5.2%.
Moreover, macro data could boost sentiment further as United States Producer Price Index is projected to outperform its last figure with 0.1%, having previously been at -0.1%. The figure will be published tomorrow at 12:30 UTC.
Also worthy of note, United States Core Retail Sales projected to come out at -0.3% — worse than previous data of -0.1%; data will be released Friday. Tomorrow at 12:30 UTC data for United States Initial Jobless Claims will be released, with an expected decline to 232,000 from the preceding figure of 228,000.
While indices are generally bullish today, some individual assets stood out as FTX trades at $1.36 having gained 9.54%.
TRON is now trading at $0.065, slumps 2.32%. Ripple (down 2.81%) has also underperformed today.
FTX | +9.54% in mid-session
After closing the previous trading day at $1.24, FTX Token is up to $1.36, which makes for a move of 9.54%/$0.119 today.
XRP | -2.72% in mid-session
- This year has been a bright one for XRP after trading as low as $0.307 and going on to appreciate by 52.03% year to date.
- While trading sideways for 10 days,
Ripple has managed to gain 52.03% so far this year despite trading at lows around $0.307 previously. Ripple has a market cap of 26 billion with an average daily volume of 1.78 billion.