Market Wrap: Bitcoin Nears $29K While Ether Options Trader Makes Long-Shot Bet

Another day, another all-time high in bitcoin as the cryptocurrency changed hands as high as $28,871.78.

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

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

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 is trending upward while ether options traders focus on $400 strikes.

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