Monday, May 20, 2024
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Market Wrap: Bitcoin Plunges to $30.3K as Options Traders Bet on Sub-$800 Ether

Bitcoin’s plunge to as low as $30,305 was intensified from leveraged long derivative liquidations; options traders are totally bearish on ether, the native asset of Ethereum.Bitcoin (BTC) trading around $33,277 as of 21:00 UTC (4 p.m. ET). Slipping 10.9% over the previous 24 hours.Bitcoin’s 24-hour range: $30,305-$38,947 (CryptoX 20)BTC above

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Market Wrap: Bitcoin Blows Past $36.1K While Traders Clamor for Ether Options

Retail buying through PayPal is likely helping push bitcoin’s price higher while traders are hoping to get into an ether options market with potential volatility similar to March 2020.Bitcoin (BTC) trading around $36,122 as of 21:00 UTC (4 p.m. ET). Gaining 5.7% over the previous 24 hours.Bitcoin’s 24-hour range: $33,875-$36,122

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Market Wrap: Bitcoin Nears $29K While Ether Options Trader Makes Long-Shot Bet

Bitcoin (BTC) trading around $28,775 as of 21:00 UTC (4 p.m. ET). Gaining 7.3% over the previous 24 hours.Bitcoin’s 24-hour range: $26,796.90 to $28,969.90 (CryptoX 20)BTC above its 10-hour and 50-hour moving averages, a bullish signal for market technicians.Another day, another all-time high in bitcoin as the cryptocurrency changed hands

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