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Of course, we’re still in the early stages of the crypto derivatives market. One exchange, Deribit, has the lion’s share of both bitcoin and ether’s options trades. “It’s still nascent,” Luuk Strijers, the exchange’s chief commercial officer, told CoinDesk, adding his prediction that growth will be fast as the market
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Options traders are turning their attention to long-term bullish bets on the cryptocurrency ether, as some anticipate that an ether-based exchange-traded fund (ETF) product will likely follow the launch of the first bitcoin futures-based ETF in the U.S.Data reveal a growing demand for long-dated, out-of-the-money (OTM) call options on ether
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A strategist at JPMorgan stated that ether’s fair value is way lower than its current price. According to a set of measurements based on network activity, he calculated ether’s value at $1,500, 55% lower than its market price. One of the reasons argued for this assessment, is that Ethereum is
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Ether, the native coin of the Ethereum blockchain, had an intense week as Ethereum’s London hardfork went on successfully. In just five days, Ether’s price climbed from below $2,500 to almost $3,200, and its market capitalization surged to $365 billion. The Bull Market Could be Back The second-largest digital currency has not
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Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cryptox in one link.Top Stories This WeekBitcoin bulls attack $57,000, and altcoins rally
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Bitcoin made some gains Friday, but ether hit another brand-new price high ahead of CME’s ether futures launching on Monday.Bitcoin (BTC) trading around $37,751 as of 21:00 UTC (4 p.m. ET). Gaining 0.32% over the previous 24 hours.Bitcoin’s 24-hour range: $36,637-$38,332 (CryptoX 20)BTC below the 10-hour but above the 50-hour
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Even after setting a new record high of $1,439 on Monday, the rally for Ethereum’s ether cryptocurrency may have only just begun, according to Fundstrat Global Advisors strategist David Grider.Basing his prediction partly on use cases for Ethereum’s blockchain technology, Grider wrote in a note Tuesday that ether has scope
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A DBS Bank economist thinks the coronavirus pandemic will accelerate digital asset adoption, Mastercard announced a CBDC testing ground and SushiSwap has a temporary governance structure in place. Top shelfDigital adoptionSingapore-based DBS Bank thinks the coronavirus pandemic may speed adoption of digital assets, according to a quarterly report filed in August. “Post-pandemic [investing]
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Bitcoin traders are hitting the sell button. On Ethereum, DeFi is boosting fees again. Bitcoin traded as low as $11,613 Tuesday. Traders continued selling the world’s oldest cryptocurrency after it hit a 2020 high of $12,485 on Monday. For the time being, it may struggle to break much higher from that. “Too
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The Securities and Exchange Commission appears to be interested in Binance’s eponymous blockchain, 132% of ether wallets are in profit and the Bank of Japan is getting serious about CBDC R&D. You’re reading Blockchain Bites, the daily roundup of the most pivotal stories in blockchain and crypto news, and why they’re
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