As the stock market goes down, the Bitcoin market could present profitable trades to those prepared.
Some of the biggest companies in the world are expected to report their 2Q earnings in October, including electric automaker Tesla on Oct. 18, tech giants Meta and Microsoft on Oct. 24, Apple and Amazon on Oct. 26 and Google on Oct. 30. Currently, the possibility of an even more severe global economic slowdown is in the cards and lackluster profits could further add to the uncertainty.
The companies that comprise the S&P 500 account for an aggregate $32.9 trillion in value and crypto investors expect some of those bets to enter Bitcoin if earnings season fails to sustain a modest growth — signaling the stock market should continue to underperform. By trading multiple call options for the same expiry date, traders can achieve gains thre times higher than the potential loss. This options strategy allows a trader to profit from the upside while limiting losses.
Derivatives exchanges price contracts in BTC terms, and $19,222 was the price when this strategy was quoted.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Next few weeks are 'critical' for stock market and Bitcoin, analyst saysFind out why the next few weeks will be 'critical' for both the stock market and Bitcoin in our latest interview with alessiorastani
Read more »
Irina Shayk’s Latest Look Belongs on Wall StreetGiven tailoring is always one of Armani’s strongpoints, Irina Shayk’s black suit, white button-up shirt, and skinny black tie was certainly an appropriate choice for the Italian label’s show
Read more »
Robert Kiyosaki calls Bitcoin a ‘buying opportunity’ as US dollar surgesThe best-selling author of Rich Dad Poor Dad has tipped Bitcoin and two other commodities as buying opportunities, noting a U.S. dollar crash could occur by January.
Read more »
U.S. economy stumbles into final stretch of 2022 facing new pressuresThe stock market had a brutal third quarter, but consumer confidence and the labor market remain strong.
Read more »
Robert Kiyosaki calls Bitcoin a ‘buying opportunity’ as US dollar surgesRich Dad Poor Dad author Robert Kiyosaki expects the surging U.S. dollar to hit a brick wall by January next year, suggesting there could be a 'buying opportunity' for assets such as gold, silver and Bitcoin.
Read more »
Bitcoin Pizza | CoinMarketCapCMCGlossary: Bitcoin Pizza 🍕 Bitcoin Pizza refers to the infamous transaction where a guy, named Laszlo Hanyecz, paid 10,000 Bitcoins for two pizzas making it the first business transaction of Bitcoin in the real world. 👉 Details:
Read more »