Market Wrap: Bitcoin Pushes Past $19.4K; Deribit Ether Options Volume Spikes

Bitcoin briefly dropped below $19,000 on a low-volume day while the ether options market seems to be in decline for now.

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

Bitcoin is making gains after a strong volume weekend while ether’s percentage of BTC price shows it may have room to climb.

Daily volume for bitcoin options have hit lifetime highs on crypto derivatives exchange Deribit.

Last week, ethereum options volume surpassed bitcoin’s for the first time on the digital currency derivatives exchange Deribit. Further, the trading platform recently introduced a $50k ETH strike for March 2022 and explained the $50k call is “gaining immediate buy traction.” Ethereum Options Volume Grows Exponentially, $50K Strike Flexes Muscle When it comes to bitcoin (BTC) derivatives, the trading platform Deribit captures the lion’s share of today’s options volume. The cryptocurrency exchange also features bitcoin futures and ethereum options as well.....