GBP/USD rose off the mats on Wednesday, clawing its way back above the 1.3400 handle after general market sentiment recovered just enough footing to buoy Cable off of four-week lows below 1.3350.
The US Dollar (USD) traded on the defensive, setting aside gains recorded in the previous day as investors assessed the recent sharp advance in global yields, while further cooling of the US labour market also weighed down on the Greenback.
Arbitrum (ARB) price is poised for a breakout, trading above $0.50 on Wednesday. Renewed investor optimism in the broader cryptocurrency market and the launch of a Decentralized Finance (DeFi) incentive program, back ARB’s short-term bullish outlook.