Market Wrap: Bitcoin Tests $19.5K; Ether Options Interest in Doldrums
Bitcoin continues to appreciate in price as ether options interest wanes after a hot November.
Bitcoin fell by over $3,300 while options traders see ether going higher.
Less action in the bitcoin market Wednesday means traders are sitting out while ether options are piling up for a first-quarter expiration.
Bitcoin has been trending higher for two days but ether is in the spotlight now.
Bitcoin’s price has ridden a roller coaster on lower spot volume while options traders are ready to bet on ether FOMO.
Bitcoin’s huge sell-off by over $8,000 in the past 24 hours while options traders clearly are betting that ether is overvalued.