Market Wrap: Derivatives May Reduce Miner Selling Pressure After Bitcoin Halving
The crypto derivatives market is helping to hedge the uncertainty on which way the bitcoin market will go when miners have less revenue post-halving.
Bitcoin's price has broken the $10,000 barrier just days before its next halving.
Bitcoin’s price keeps gaining as people increasingly talk about the halving - but the event’s potential after-effects may be considered an afterthought for many investors.
Open contracts on bitcoin options rose to record highs on Thursday as the cryptocurrency’s price rose into five figures. It's not necessarily a bullish sign, though.
Paul Tudor Jones II, a pioneer of the modern hedge fund industry, is ready to bet on bitcoin’s price as an inflation hedge.
Bitcoin looks to have decoupled from traditional markets as investors refocus on the network's imminent mining reward halving.