Market Wrap: Bitcoin Drops Briefly Below .5K While Ether Calls Dominate Options

Market Wrap: Bitcoin Drops Briefly Below $33.5K While Ether Calls Dominate Options

Bitcoin is recovering from a steady price decline while ether options traders anticipate another high-water mark after it hit an all-time high of $1,439.

  • Bitcoin (BTC) trading around $35,023 as of 21:00 UTC (4 p.m. ET). Slipping 4.1% over the previous 24 hours.
  • Bitcoin’s 24-hour range: $33,430-$36,794 (CoinDesk 20)
  • BTC above the 10-hour but way below the 50-hour moving averages on the hourly chart, a sideways signal for market technicians.

Bitcoin trading on Bitstamp since Jan. 16.
Source:

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