Market Wrap: Bitcoin Pushes Past $19.4K; Deribit Ether Options Volume Spikes
Bitcoin trades above $19,000 as ether options volume on exchange Deribit spikes.
Bitcoin’s price is seeing little action while the ether options market is betting on a much lower valuation for the asset in 2021.
Bitcoin’s bull run stalls while ether is still acting like a little brother despite the audacious Eth 2.0 upgrade.
Bitcoin’s price is in a tight range Thursday while some investors are moving into ether.
A combination of volume, derivatives action and infrastructure improvements led bitcoin’s price to go where it hasn’t gone before. Ether is looking supremely bullish, too.
Bitcoin’s price rise stalled out just before hitting $19,500 Wednesday. The Ethereum network’s fees are in an upswing.