Bitcoin Rises Above $31K, With Options Positioning Suggesting Price Has Further to Run
The crypto’s year-to-date high of about $31,800 is within sight.
The crypto’s year-to-date high of about $31,800 is within sight.
The latest price moves in crypto markets in context for Oct. 23, 2023.
Interest rate-sensitive assets, such as Gold, are seeing bullish momentum in a positive sign for bitcoin, one observer said.
This has repercussions for the crypto market, not necessarily good ones, one observer said.
XRP gained 6.5%, the biggest single-day percentage rise since July 13.
Tracking changes in the viewership and subscriber base of popular crypto-related YouTube channels can offer insights into retail investor sentiment and impending market trends.
One line of thought envisions a major rally, while another suggests approval has been fully baked into prices.
New European laws took effect in April, but fears over its limited scale may have inhibited take-up.
Some analysts said the amendments show the U.S. Securities and Exchange Commission is holding active discussions with related parties.
The spread between yields on 10-year and three-month Treasury notes has resumed the recovery toward zero. Ether has a strong inverse correlation with the yield spread than bitcoin.