Omkar Godbole is a Co-Managing Editor on CoinDesk's Markets team.
has had a horrible August, falling over 13% to as low as $50,000 in the first five days due to several factors, including the unwinding of yen carry trades and concerns about the U.S. economy.
A call option gives the holder the right but not the obligation to buy the underlying asset at a specific price at a later date and represents a bullish bet on the market. A put represents a bearish bet. Options skew measures investors' willingness to pay for an asymmetric bullish or bearish payout. Positive values suggest relatively stronger demand for upside or calls.
"Bitcoin, for us, looks the most obvious trade for a Fed that is behind the curve and set to slash rates and ramp up liquidity. Strap in for a volatile few weeks, but don’t lose sight of the big picture," founders added.The rapid sell-off has been characterized by dip buying on platforms available in the U.S., such as Coinbase, Gemini and Kraken, according to cumulative volume delta tracked by Paris-based Kaiko.
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.
'Bitcoin Never Halts': Glassnode Indicators Show Bullish OptimismBitcoin slowly recovering, despite some on-chain metrics remaining in 'red zone'
Read more »
Bitcoin indicators flash ‘greed and FOMO’ as ETF inflows top $300MCrypto sentiment trackers have flipped from “extreme fear” to “greed” in just three days, as ETF inflows continue to solidify and Donald Trump inches closer to the White House.
Read more »
Bitcoin price poised for a rally as momentum indicators show bullish divergenceBitcoin (BTC) has encountered resistance near the $58,375 weekly level during the past few days, trying to break and hovering just above it at $58,865 at the time of writing on Wednesday.
Read more »
400% Bitcoin (BTC) Surge: Can It Happen Again?Bitcoin price saw substantial increase, and some indicators suggest it will continue
Read more »
Major Bitcoin Miners Are Not CapitulatingBig Bitcoin miners are accumulating Bitcoin
Read more »
Samson Mow Teases Crucial Bitcoin Argument to Be Resolved Within Coming MonthsBitcoin maximalist Mow has issued important Bitcoin statement
Read more »