Cryptocurrency
Market Wrap: Bitcoin Tests $19.5K; Ether Options Interest in Doldrums
Market Wrap: Bitcoin Tests $19.5K; Ether Options Interest in Doldrums: (CoinDesk) Bitcoin has been able to hold above $19,000 as it has for the past several days. Meanwhile, the ether options market on Deribit has dipped in December although a block trade strategy in the $600-$800 price range has developed. Bitcoin (BTC) trading around $19,510 as […]
Market Wrap: Bitcoin Tests $19.5K; Ether Options Interest in Doldrums:
(CoinDesk) Bitcoin has been able to hold above $19,000 as it has for the past several days. Meanwhile, the ether options market on Deribit has dipped in December although a block trade strategy in the $600-$800 price range has developed.
- Bitcoin (BTC) trading around $19,510 as of 21:00 UTC (4 p.m. ET). Gaining 1.6% over the previous 24 hours.
- Bitcoin’s 24-hour range: $19,053-$19,555 (CoinDesk 20)
- BTC above its 10-hour and 50-hour moving averages on the hourly chart, a bullish signal for market technicians.
Bitcoin’s price continues to climb for the fourth consecutive day, going as high as $19,555 as of press time and breaking out of a $19,200-$19,400 range for the second time in the past 24 hours.