Market Wrap: Bitcoin Hits $10.9K; Ether Options Signal Short-Term Volatility

Bitcoin prices approached $11,000 in early trading Monday as the ether options signal short-term gyrations.

A bullish bitcoin mentality appears to be forming in the options market while ether continues on its roller coaster.

Bitcoin’s price popped Thursday while options traders take bearish ether October bets.

Bitcoin’s price is turning bullish as ether options traders accumulate half a million of ETH options for December expiration.

Bitcoin’s price fell while ether options traders have favored call options in the past month.

Bitcoin’s price is seeing little action while the ether options market is betting on a much lower valuation for the asset in 2021.