Market Wrap: Bitcoin Plunges to $30.3K as Options Traders Bet on Sub-$800 Ether
Bitcoin’s huge sell-off by over $8,000 in the past 24 hours while options traders clearly are betting that ether is overvalued.
Bitcoin fell by over $3,300 while options traders see ether going higher.
The price of bitcoin has traded in a tight range Tuesday.
Very low spot volume Thursday isn’t helping bitcoin's price.
Bitcoin may be down now but there is still growing demand for crypto assets, one analyst said.
Bitcoin’s price is on a rising trend for the first time this week.