Market Wrap: Bitcoin Falls to $18.1K as Correlation to Ether Picks Up

Bitcoin’s price is closing in on record 2020 highs as ether’s volatility picks up.

Market observers were not surprised by an immediate but mild sell-off of bitcoin after it hit 2020’s new highs.

Bitcoin’s price is rebounding from a sell-off Tuesday while large ether holders are making moves.

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

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