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Bitcoin spot volume may have been low this week, but the real action in crypto has been in the options market and decentralized finance. Bitcoin (BTC) was trading around $9,274 as of 20:00 UTC (4 p.m. ET), slipping 1% over the previous 24 hours. At 00:00 UTC on Friday (8:00 p.m. Thursday
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Much attention has been paid to the Bitcoin options and futures market and each week crypto media reports on new record open interest figures being achieved. As the date of another futures and options expiry approaches, traders are becoming anxious due to the fact that the Bitcoin (BTC) price has
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Over a recent 30-day period, the total open interest for CME bitcoin options increased more than tenfold, from $35 million on May 11 to $373 million on June 10. Moreover, open interest made a new all-time high on six consecutive days from June 5-10. Significant growth in CME futures points to
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Bitcoin's options market suggests Monday's price drop could be short-lived.However, the cryptocurrency remains vulnerable to a sell-off in stocks and increased miner hoarding is a sign the market lacks strength.Bitcoin is feeling the pull of gravity on Monday alongside losses in the traditional markets. At press time, bitcoin is changing hands
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Ether (ETH) options were launched over a year ago at Deribit derivatives exchange but they have only recently gained traction.Open interest is the main gauge for derivative contracts activity, and on Ether options it has soared by 315% over the past two months to $158 million.This surge in OI has
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For those of us involved in the cryptocurrency space, we've gotten used to the fast-paced nature of this rapidly growing industry. New technology quickly becomes old, bright shiny projects lose their luster, and what started out as a few privacy advocates sending “magic internet money” to one another has mushroomed
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Ethereum has been closely tracking Bitcoin’s price action throughout the past several days and weeks, which exposed it to some intense downwards pressure yesterday.It has been able to post a swift recovery from its daily lows, and has remained firmly within its long-held consolidation phase within the $230 to $250
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Bitcoin options have experienced a massive rise in popularity this year. The Wall Street-esque financial tool allows traders to speculate on future values of an underlying asset – usually with huge leverage and the potential for life-changing payouts. Deribit Leads Race A report by on-chain analytics firm Skew on March 10 showed
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More than 2,000 vending machines in Australia and New Zealand will let customers buy a Coke with bitcoin. Coca-Cola Amatil, the Asia-Pacific bottling giant, has partnered with digital assets platform Centrapay to integrate bitcoin as a payment option from its vending machines across Australia and New Zealand. This means over 2,000 smart
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According to the latest data from market analysis company Skew, total open interest in Bitcoin (BTC) options passed $1.5 billion on June 9. This comes barely a month after open interest crossed $1 billion for the first time, marking a 50% increase in just 33 days.50% rise in a month
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