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The Japanese Yen (JPY) extends the sideways consolidative price move during the Asian session on Wednesday and remains confined in a one-week-old range against its American counterpart.
EUR/USD gained traction and climbed to its highest level since early February at 1.0840 on Tuesday.
Bitcoin was trading 0.3% lower at $51,814, while Ethereum was up 1.4% at $2,971. Meanwhile, the global cryptocurrency market cap fell 0.21% to around $1.97 trillion in the last 24 hours. Solana, Avalanche, Dogecoin, Polkadot, Toncoi, XRP, Internet Computer, and Shiba Inu fell up to 6%. While Ethereum and Tron surged up to 2%.
Rivian (RIVN) stock closed 2.5% lower on Tuesday, just one day before the upstart electric vehicle (EV) maker releases Q4 earnings after the close.
The US Dollar (USD) is in the red and flirts again with a break below 104 in the US Dollar Index (DXY). Although the US Dollar was stronger earlier in the European trading session, pressure is on with the EU issuing a new bloc of sanctions that