Market Wrap: Bitcoin Slides, Stocks Tread Water on Trump China Comments
Stocks across Asia and Europe took a dip Friday and so did bitcoin in anticipation of Trump’s comments on “deeply troubling situations” in Hong Kong.
Bitcoin’s jump up and right back down is at least partially due to the crypto derivatives markets.
Derivative contracts on ether are more popular than ever, as evidenced by record open positions in options listed on the Panama-based derivatives exchange Deribit.
The bitcoin rollercoaster has turned into a bumper car as equities take the stage in hopes of a global economic rebound.
The bitcoin market has nothing on oil’s volatility in 2020.
Bitcoin has put in a positive June performance in six out of the last eight years. But Ethereum is drawing new investors with the start of staking due this year.