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.

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

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

Bitcoin’s huge sell-off by over $8,000 in the past 24 hours while options traders clearly are betting that ether is overvalued.