Drops

Bitcoin Price Tests $9.4K as Demand for Put Options Drops

Bitcoin Price Tests $9.4K as Demand for Put Options Drops

Bitcoin’s price is gathering upward momentum as traders buy fewer put options, which are bearish bets on the top cryptocurrency.  At press time, bitcoin was changing hands near $9,400, representing a 2% gain on the day, according to CoinDesk’s Bitcoin Price Index. On a week-to-date basis, the cryptocurrency is now reporting over 8% gains. Bitcoin’s …

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Bitcoin Drops as Traders See Bearish Signals in Futures Markets

Bitcoin Drops as Traders See Bearish Signals in Futures Markets

Bitcoin slid Monday to its lowest point in the past seven days, with traders saying bearish signals are appearing after the cryptocurrency’s 30 percent rebound from a market bottom in mid-March. After recovering from the depths of the coronavirus-induced sell-off, bitcoin repeatedly failed to break above a price of $7,400.  Bitcoin (BTC) prices fell Monday …

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