Bitcoin (BTC) trades above $88,000 at press time on Tuesday, following a rejection at $90,000 the previous day. Institutional support remains mixed amid steady outflow from US spot BTC Exchange Traded Funds (ETFs) and Strategy Inc.’s acquisition of 1,229 BTC last week.
EUR/GBP extends its losses for the second successive session, trading around 0.8710 during the European hours on Tuesday. Volumes are expected to be thin due to the year-end holiday. Traders are also monitoring geopolitical tensions as uncertainty over the Ukraine-Russia peace process resurfaced.
EUR/USD holds ground after four days of little losses, trading around 1.1770 during the Asian hours on Tuesday.