
Market Wrap: Bitcoin Plunges to $30.3K as Options Traders Bet on Sub-$800 Ether
Bitcoin’s huge sell-off by over $8,000 in the past 24 hours while options traders clearly are betting that ether is overvalued.
Bitcoin’s huge sell-off by over $8,000 in the past 24 hours while options traders clearly are betting that ether is overvalued.
Profit-taking helped lead bitcoin lower Monday while more investors are eyeing ether with great interest.
Bitcoin slipped below $18,000 again Thursday as ether’s volatility in 2020 shows a different dynamic.
Bitcoin fell below $18,000 Wednesday while DeFi closing in on $15 billion locked may have more to do with price than actual cryptocurrency parked there.
Bitcoin is at bullish 2020 highs while Ethereum transactions prove out DeFi’s fundamental use case.