Bitcoin’s Options Market Sees Just 6% Chance of $20K Before Year’s End

Bitcoin's options market sees only a 12% probability of prices rising above $100,000 by the end of December.

While a 31% rally to $50,000 in two weeks may be challenging to envision, it is far from impossible, given bitcoin's prior rallies.

As the crypto economy sets its sights on half of a trillion in USD value, digital currency derivatives markets are swelling significantly. Bitcoin futures have surpassed a six-month high at $52 billion, while the crypto asset’s options markets have jumped massively too. Additionally, bitcoin options markets indicate that traders wager there’s a 29% chance the price of BTC will be above $20,000 by December 25, 2020. At the time of publication, the entire cryptocurrency economy is hovering just below the 500 billion-dollar mark. While cryptocurrencies like BTC and ETH have seen....

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

While there are alternatives for binary options, users looking for something that is more of a trading tool and less of a gambling game should look at Coinut. A registered company in Singapore, Coinut allows you to profit or hedge risk in both a bulish or bearish market. If binary options isn’t for you, Coinut also offers vanilla trading, making it one of the most versatile exchanges out there. I spoke to Xini Wang, founder & CEO of Coinut regarding their exchange. What is Coinuts primary service it provides to users? Bitcoin is a risky investment, and its price has been dropping recently.....