This Friday, the spotlight is turned to Deribit, the leading crypto derivatives exchange, as it gears up for a notable event in its trading history. Particularly, the exchange is poised to witness the expiration of over $9.5 billion in Bitcoin options open interest. For context, Open interest refers to the …
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As Bitcoin breached the $52,000 mark, a notable shift in investor sentiment has been observed, with an increased interest in call options for Bitcoin at ‘ambitious’ strike prices. This trend, primarily focusing on strikes above $60,000, signals a ‘robust’ confidence among traders in Bitcoin’s potential for further gains. QCP Capital, …
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Ethereum (ETH) is showing a noteworthy pattern in the options market. According to data from Deribit, a leading platform for crypto futures and options trading, there’s a significant concentration of call options for ETH around the $4,000 strike price for both the June and September expiries. Options Traders Anticipate $4,000 …
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The decentralized finance (DeFi) landscape has undergone a significant evolution, becoming a pivotal component in the blockchain and cryptocurrency space. This revolution has redefined conventional financial paradigms, introducing a new level of transparency, user empowerment, and accessibility. As DeFi evolves, we’re entering a phase often referred to as DeFi 2.0. …
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Addiction is a pervasive issue that affects individuals and communities worldwide. The good news is that there are various types of addiction treatment available to help individuals overcome their struggles and lead a healthier life. From addiction treatment centers to specialized programs, the options are diverse, catering to the unique …
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According to Crypto trader Mags, Bitcoin, the flagship cryptocurrency, has recently demonstrated a notable +55% surge, breaking out from a smaller broadening wedge pattern. Mags shared insights on this significant price movement, observing Bitcoin’s breakout and suggesting a mid-term target at the “upper trendline resistance of a larger broadening wedge.” …
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BitPay customers can now utilize the wide array of cryptocurrencies supported to purchase goods and services from renowned merchants like Gucci, Ralph Lauren, and AMC Theatres. Bitcoin (BTC) service provider BitPay has taken a huge step in embracing the broader crypto ecosystem by adding support for numerous cryptocurrencies, including Uniswap …
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Coinbase said the launch of the international digital asset trading platform is part of its move for global expansion driven by regulatory uncertainties in the United States. Leading American cryptocurrency exchange Coinbase Global Inc (NASDAQ: COIN) has introduced spot trading options for international customers outside the United States. In an …
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Bitcoin (BTC) options open interest reached an unprecedented milestone, surging to a staggering $20.5 billion on Dec. 7. This remarkable achievement signifies the active involvement of institutional investors in the cryptocurrency space. Unlike futures contracts, BTC options come with predetermined expiration prices, offering valuable insights into traders’ expectations and the …
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The Cryptocurrency industry has stood the test of time since the invention of Bitcoin in 2009. Early investors who capitalized on buying it then are now worth fortunes. However, many seem to believe that it is and the market capitalization is too large to make significant capital gains. Its price …
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While WisdomTree is expanding its investment options with Bitcoin, the asset manager has also decided to liquidate five of its ETFs. WisdomTree, one of the major players in the financial industry, is considering the addition of Bitcoin (BTC) as part of its commodity exchange-traded fund (ETF), providing its customers with …
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The Chicago Mercantile Exchange (CME) Group witnessed a record-shattering performance in the third quarter with regards to the trading of Bitcoin and Ethereum futures and options contracts. The increase in trading activity serves as evidence for heightened involvement of institutional investors in the market for cryptocurrency derivatives. The main focus …
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