The implied volatility of short-dated out-of-the-money bitcoin puts on the CME has increased over the past month as traders anticipate greater price volatility and hedge against the potential for further downside movement, analysts say.
Bitcoin changed hands at around $61,245 at the time of writing, having traded flat in the past 24 hours, according to The Block’s price page. The global cryptocurrency market cap Wednesday was $2.39 trillion, dropping 0.1% in the last 24 hours, according to Coingecko data. Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures. © 2023 The Block.
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