Market Wrap: Bitcoin Dips Below ,000 as Ether Options Volume Drops

Market Wrap: Bitcoin Dips Below $19,000 as Ether Options Volume Drops

Some bitcoin selling on Friday caused its price to decline. Ether options traders appear less inclined to place bets on the asset’s price, as evidenced by lower Deribit volume.

  • Bitcoin (BTC) trading around $18,975 as of 21:15 UTC (4:15 p.m. ET). Slipping 2.1% over the previous 24 hours.
  • Bitcoin’s 24-hour range: $18,717-$19,556
  • BTC below its 10-day and 50-day moving averages, a bearish signal for market technicians.

Bitcoin trading on Bitstamp since Dec. 1.
Source: TradingView

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