Omkar Godbole is a Co-Managing Editor on CoinDesk's Markets team based in Mumbai. Omkar previously worked at FXStreet and Mumbai-based brokerage house as FX analyst and holds a masters degree in Finance. Omkar holds small amounts of bitcoin, ether, BitTorrent, tron and dot.
The Fed will announce its rate decision on Wednesday at 14:00 ET. The way bitcoin options are priced suggests the cryptocurrency may not move more than 3% by Friday.
The large flow was concentrated in the so-called out-of-the-money calls, indicating a bullish outlook on the second-largest cryptocurrency by market volume, according to Greeks.Live
Research firm RxR's blended Metcalfe law-centric valuation model, incorporating active user adoption of layer 2 scaling networks, suggests ether should trade at a market value of $275 billion.