Dec 08, · Bitcoin Price Shoots to $34, Despite Saturday’s Drop to $30, Bitcoin trades at $33, as of this article’s writing. The cryptocurrency traded above $34, just minutes ago and is attempting to consolidate around the current price points. 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 . Oct 19, · The Bitcoin price has risen again to its initial level of just over $11, after the short-term setback following the announcement that OKEx is being investigated by Chinese authorities. At the time of writing, Bitcoin stands at $11, and has increased by % in the last 24 hours. The market capitalization has increased from $ billion to $ billion.
Bitcoin and litecoin price dropBitcoin Could Drop Heavily If It Fails to Hold $18, Analyst
Further, on both occasions, prices bottomed out on the same day or the following day. The put-call volume ratio rose to a high of 1. As such, the latest reading of 1. The put-call skew measures the price of puts relative to that of calls. The decline, therefore, represents a recovery in demand for bullish call options. Meanwhile, the three-and six-month skews are also hovering in the negative territory, implying stronger demand for call options expiring in the September and December expiry contracts.
That said, options market positioning is known to change quickly and the cryptocurrency remains vulnerable to potential deeper sell-off in the equity markets. Miners, in particular, have accumulated inventory over the past seven days, selling less coins than they generated. Read more about Prices Bitcoin Markets. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies.
CoinDesk is an independent operating subsidiary of Digital Currency Group , which invests in cryptocurrencies and blockchain startups. What is undefined? She explained in a blog post that there are three fundamental reasons why she thinks Bitcoin will appreciate far above current prices in the next two years or more. Could you be next big winner? I consent to my submitted data being collected and stored. Many think that BTC will continue higher in the weeks ahead.