Crypto Blog
After a decade of waiting, July might finally bring restitution to the users of the now-defunct Mt. Gox exchange. However, it appears that market players are on edge regarding the distributions and fear further sell-offs.
The latest data now points to a “subdued” Q3 for Bitcoin, owing to uncertainty around Mt. Gox’s distribution of funds.by QCP Capital, Bitcoin’s price is expected to remain relatively calm. The Singapore-based crypto asset trading firm highlighted that the US equity market surged to new highs following Federal Reserve Chair Jerome Powell’s statement that the US is on a disinflationary trajectory.
Notably, the options market remained heavily skewed towards the topside, indicating market anticipation of a year-end rally. This is evidenced by significant buying interest in longer-term options at the 100k and 120k strike prices.
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