Market Wrap: Bitcoin Hits $10.7K; Options Market Likes Sub-$360 Ether

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

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

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

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

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