Market Wrap: Elon Taketh Away – Bitcoin Continues Fall as Options Traders Pile Into Puts
The crypto car drove to the dump Monday as most blockchain assets fell.
In March, the investment bank relaunched its cryptocurrency trading desk after a three-year hiatus.
Positive news from El Salvador couldn't completely overcome negative news out of China.
The short-term put-call skews have pulled back due to a flurry of call buying.
Bitcoin busted out a quick 5% gain early Thursday on positive news from that continent before losing some steam.
BTC had climbed from $35,709 to as high as $42,441. Then the slide started.