Tags : Downside

Bitcoin

Downside Risks Grow as Bitcoin Sells Off at $38,000 Once

Bitcoin continued its weekly bull run into the early Thursday session in Asia but met modest selling pressure as its price attempted to topple a short-term resistance level. The flagship cryptocurrency brief breached $38,000 before turning lower ahead of the European market open. That marked its second attempt in less than a week to break […]Read More

Market

Bitcoin Option Traders Hedge Against Downside Risk as Price Dips

Amid another price downturn Thursday, bitcoin options traders appear to be becoming less bullish on the immediate prospects for the cryptocurrency. The one-week put-call skew, which measures the spread between prices of short-term puts and calls, has risen to a five-week high of 14%. The skew had bottomed out near an extremely bullish -33% just […]Read More