The past few weeks have been hard on crypto bulls, as Bitcoin and the broader crypto market continued to sell off. Since reaching an all-time-high of $61,500, Bitcoin plunged 16% in a matter of a few weeks, shedding $100 billion in market capitalization. The major cryptocurrency saw signs of life as Elon Musk’s tweet sent […]Read More
Bitcoin retained its intraday bullish bias Friday just ahead of its $6 billion options expiry. In retrospect, options are contracts that give traders the right to purchase or sell an asset at a specified price before a certain expiration date. Data on ByBt.com shows that there is over 100,000 BTC worth of options set to […]Read More
An earlier morning boost in the Bitcoin market Wednesday, led by Tesla’s announcement that it would accept the cryptocurrency as payment for its electric vehicles, turned jittery ahead of the US session close, leading to a decline of more than $5,500 and ending the day 3.81 percent lower. Powell Strikes Again The flagship cryptocurrency’s seesaw […]Read More
Despite bitcoin’s rapid $3,000 fall from new record highs seen Sunday, institutions seem confident about the cryptocurrency’s long-term prospects. The cryptocurrency dropped to $47,790 earlier on Monday, after just failing to pass the psychological hurdle of $50,000 over the weekend. So far, however, are there are few signs of preparations for deeper losses in the […]Read More
Bitcoin’s options market is assigning a low probability of prices rising above $100,000 this year despite widespread expectations for a meteoric rally in the wake of Tesla’s recent purchase of the top cryptocurrency. At press time, the options market is pricing 12% odds of the cryptocurrency trading in seven figures before the end of December, […]Read More
According to the data analytics platform Laevitas, the Bitcoin options market is seeing a “call buying frenzy.” This means that the buyer demand for BTC is rising rapidly in the form of options. The options market has seen significant growth in recent months. Data from Skew shows the total options market open interest has increased […]Read More
Bitcoin’s options market continues to grow along with an institutional-led bull run in the leading cryptocurrency. Yet, while many use options to hedge their positions, the large amounts of bitcoin options slated to expire in a few days may themselves lead to wild price swings as January draws to a close. At press time, there […]Read More
Bitcoin is recovering from a steady price decline while ether options traders anticipate another high-water mark after it hit an all-time high of $1,439. Bitcoin (BTC) trading around $35,023 as of 21:00 UTC (4 p.m. ET). Slipping 4.1% over the previous 24 hours. Bitcoin’s 24-hour range: $33,430-$36,794 (CoinDesk 20) BTC above the 10-hour but way […]Read More
Bitcoin’s recovery from Monday’s low is gathering pace, with the options market pricing in a double-digit probability of an above $50,000 by the month-end. The leading cryptocurrency by market value is currently trading at $38,300, representing a nearly $4,000 or 11% gain on a 24-hour basis, according to CoinDesk 20 data. The price bounce has […]Read More
The eye-watering strike option supplants the company’s previous $300,000 maximum offering listed on Jan. 9. Source linkRead More
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