Ether Options Market Sees Record Open Interest of $3B
Market activity is surging as the Ethereum blockchain's native cryptocurrency rises to fresh all-time high prices.
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DOGE now has a market value of more than $50 billion, surpassing the giant U.K. bank Barclays after tripling in price.
Option traders continue to snap up cheap out-of-the-money call option at the $80,000 strike.
"The whale entities chart could show that smaller retail investors are purchasing bitcoin, and large holders are selling into that rally," one hedge fund CEO said.
BTC is roughly 7% lower from its all-time high, similar to the April 1 pullback.
Turkey's crypto ban sets a bad precedent for other countries mulling similar moves.
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