Market Wrap: Bitcoin Still Stuck in a Rut, Trading Below $10K
Traditional markets slide as coronavirus cases spike, and crypto follows because its correlation is still unbroken.
Institutional interest is driving Bakkt's bitcoin futures volumes up, but its options market has remained quiet.
While soaring open interest can be a sign of a continuing trend, the offloading of calls suggests bitcoin could correct further.
As some bitcoin options traders bet on new all-time highs and another DeFi protocol is attacked, CoinDesk’s Markets Daily is back for your latest crypto news roundup!
Open interest for Bakkt's bitcoin options market has stayed at $0 since June 15.
Less than 0.2% of Friday's daily options trading happened on CME, according to data from Skew.