BTC Halving: Sell-The-News or Buy-The-Alt-Rotation
Contrasting Bitcoin derivatives with Ethereum’s tells us a story around the potential opportunity for a post-halving rotation.
Contrasting Bitcoin derivatives with Ethereum’s tells us a story around the potential opportunity for a post-halving rotation.
Bitcoin is showing resilience despite the slip, but the corrective period might continue for a while before a return to growth, one observer noted.
The crypto market faces the U.S. tax season liquidity test around the time the Bitcoin blockchain implements the fourth mining-reward halving on April 20.
Rapidly expanding stablecoin supply shows that “fiat money is being moved into crypto at an accelerated pace,” 10x Research’s Markus Thielen said.
Options implied volatility is overpricing the event, Amberdata’s Greg Magadini said.
The broker increased its MicroStrategy price target to $1,800 from $780 while maintaining its buy rating on the stock.
The recent taban in price doesn’t appear to have dented optimism from traders betting on a continued bull run.
Retail engagement materially accelerated in the first quarter, the report said.
Bitfinex Derivatives announced the launch of perpetual futures tied to Volmex’s proprietary bitcoin and ether implied volatility indices.
The Bitcoin Cash halving is expected on April 4, blockchain trackers show, and has historically preceded price bumps.