Bitcoin BTC$116,539.12 traders continue to eye downside volatility, hedging their bullish exposure despite recent positive signals, such as the Federal Reserve’s rate cut, crypto derivatives exchange Deribit’s CEO Luuk Strijers told CoinDesk. Earlier this week, the U.S. Fed cut interest rates by 25 basis points and signaled an additional 50 basis points of easing expected … Read more
Fears of a downside for bitcoin BTC$116,317.53 and ether (ETH) have eased substantially, according to the latest options market data. However, the pace of the next upward move in these cryptocurrencies will largely hinge on the magnitude of the anticipated Fed rate cut scheduled for Sept. 17. BTC’s seven-day call/put skew, which measures how implied … Read more
This is a daily analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Bitcoin BTC$115,089.87 continues to gain ground, consistent with the inverse head-and-shoulders breakout from early this week, which opened the door for a rally to $120,000. Prices have crossed above the 50-day simple moving average (SMA), a widely-tracked momentum indicator. Additionally, the … Read more
Most cryptocurrencies are in the green, with tokens like Ethena’s ENA and dogecoin DOGE$0.2416 looking to better their already impressive double-digit 24-hour price gains. The CoinDesk 20 Index , a measure of the broad market, is 2% higher with 16 members advancing. Still, Alex Kuptsikevich, the chief market analyst at the FxPro, remains cautious. “The … Read more
Options data from Deribit reveals a striking divergence in sentiment for major cryptocurrencies, with bullish positioning in XRP XRP$2.8845 and solana (SOL contrasting with lingering downside fears in bitcoin (BTC) and ether (ETH). As of the time of writing, XRP call options or bullish bets were pricier than puts across all tenors, according to data … Read more
Meme-inspired cryptocurrency PEPE PEPE$0.0₅9473 is under pressure after slipping below a key support level, sparking warnings of a possible 15% drop. The move comes as trading volumes fell to $980 million and open interest contracted 4% to $535 million based on CoinGlass data, signaling waning conviction among traders. Derivatives data show long liquidations hit $326,000, … Read more
Bitcoin traders are seeking downside protection ahead of the U.S. inflation data, which is expected to show President Donald Trump’s trade tariffs are starting to affect consumer prices. The report, due at 12:30 UTC, is expected to show that the headline consumer price index (CPI) increased 2.8% year-on-year in July, up from a 2.7% rise … Read more
As shares in Nasdaq-listed MicroStrategy (MSTR) continue to lose ground, demand for downside protection in the bitcoin-holding company has reached its strongest in months. On Wednesday, the one-year put-call skew —the difference in implied volatility between call and put options expiring in 12 months —rose to 3.6%, the highest since April 17, according to data … Read more