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Market Wrap: Bitcoin All-Time High Tops Out at $19,850 as Ether Options Market Goes Mega-Bullish

Market Wrap: Bitcoin All-Time High Tops Out at $19,850 as Ether Options Market Goes Mega-Bullish: (CoinDesk) Bitcoin’s price hit an all-time record high Monday as positive market factors converged. Meanwhile, ether options traders are paying heavy premiums on the asset’s potential to hit new records as well. Bitcoin (BTC (BTC, +5.96%)) trading around $19,436 as of 21:00 […]

By Chris Sykora · November 30, 2020
Market Wrap: Bitcoin All-Time High Tops Out at $19,850 as Ether Options Market Goes Mega-Bullish

Market Wrap: Bitcoin All-Time High Tops Out at $19,850 as Ether Options Market Goes Mega-Bullish:

(CoinDesk) Bitcoin’s price hit an all-time record high Monday as positive market factors converged. Meanwhile, ether options traders are paying heavy premiums on the asset’s potential to hit new records as well.

  • Bitcoin (BTC (BTC, +5.96%)) trading around $19,436 as of 21:00 UTC (4 p.m. ET). Gaining 6.6% over the previous 24 hours.
  • Bitcoin’s 24-hour range: $18,093-$19,850
  • BTC above its 10-day and 50-day moving averages, a bullish signal for market technicians.
btcnov30
Bitcoin trading on Bitstamp since Nov. 27.
Source: TradingView

Bitcoin’s price hit an all-time high in the past 24 hours, trading as much as $19,850, according to CoinDesk 20 data. The price then dipped and was at $19,436 as of press time.

Continue to read the full story on CoinDesk.