Bitcoin Price Makes History By Crossing $126,000: Options Market Forecasts Ne...
The Bitcoin price has shattered previous records by surging past $126,000, marking a new all-time high this Monday. This milestone has been attributed to the cyclical phenomenon known as “Uptober,” a term coined by analysts to describe October’s historical trend of strong price performance during Halving years. Bitcoin Price Surge Linked To ‘Safe-Haven Demand’ The […]
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While Ethereum created history by taking over Bitcoin in the options market, the ETH futures contract entered price backwardation. Ether (ETH) has taken over Bitcoin (BTC) in the options market for the first time in history as the open interest (OI) of Deribit Ether options with a value of $5.6 billion exceeded the OI of Bitcoin options worth $4.6 billion by 32%.OI is calculated by adding all the contracts from opened trades and subtracting the contracts when a trade is closed. It is used as an indicator to determine market sentiment and the strength behind price trends. Deribit is the....
It’s a brand new year, which means that you are probably looking for opportunities to increase your economic wealth. One great way to build your wealth is by trading on the stock market, and 2016 promises to be a very rewarding year on the stock market. While there are tons of options available to put cash into your bank account via the stock market in 2016, one of the most exciting options that promises to offer financial gain is bitcoins and binary options. What are Bitcoins and Binary Options? Binary options refer to a form of online trading. This type of trading came around about 2....
Crypto analyst Bobby A is warning that the XRP price may face trouble soon. He says the large monthly chart is showing weak signs, and this could mean the market is turning bearish again. The analyst thinks the price might need to drop further before it can move higher. Bearish Signals Showing On The XRP Price Monthly Chart Bobby A says the big XRP chart does not look healthy right now. He explains that many important monthly indicators are crossing bearishly. He says XRP is trading below the 1.618 level, and the price action there looks like a rejection rather than a breakout. He thinks....
A record number of Ether options is set to expire on June 25 as ETH looks to BTC to reverse its price momentum. Ether (ETH) faces its largest options expiry ever on June 25 as nearly $1.5 billion out of $3.3 billion notional open interest (OI) in ETH options will expire. June’s expiry has over 638,000 ETH options contracts in its purview, accounting for 45% of the total open interest in these options.Although it’s the largest options expiry in the history of the derivative product, the open interest in ETH options OI hit its all-time high of nearly $5.5 billion on May 20 soon after ETH had....
A new service for financial options has launched a beta website for nine different binary options, including gold, silver and crude oil, plus six foreign exchange pairs. The offered currencies - euros, Australian dollars, New Zealand dollars, British pounds, yen, and Swiss francs - are all paired with the US dollar. Different than previous binary option offerings, the new service - which is called UpDown - processes payments and payouts in bitcoin only. With binary options, the trader selects the direction that the price of the underlying asset will move - either up ('call option') or down....