Author: Omkar Godbole

A Key Thesis for Bitcoin’s Long-Term Bull Market Just Got a Knock – CoinDesk

CoinDesk

A popular narrative argues that the massive stimulus programs from the Federal Reserve, launched to counter a coronavirus-induced recession, could hyperinflate the economy and fuel a major rally in bitcoin.  However, that bullish theory, which suggests that the cryptocurrency would Read More

Bitcoin Options Market Faces Record $1 Billion Expiry on Friday – CoinDesk

CoinDesk

Bitcoin’s (BTC) derivatives continue to grow despite light spot trading  over the past two months. The cryptocurrency’s options market is on its way to a record $1 billion monthly expiry this Friday.  At press time, there are 114,700 option contracts (notional Read More

Crypto Derivatives Exchange OKEx Launches Options on Ether – CoinDesk

CoinDesk

Malta-based cryptocurrency exchange OKEx rolled out option contracts on Ethereum’s ether (ETH) token on Thursday, ending the Panama-based Deribit’s virtual monopoly in the space. “OKEx ETH Options Contracts will be settled in ETH. Each contract’s face value of ETH/USD options Read More

Bitcoin’s Sharp Price Drop May Have Been Prompted by $120M Scam Selloff – CoinDesk

CoinDesk

Bitcoin has plunged to two-month lows since Sunday, possibly due to an over-$100 million liquidation by PlusToken scammers, analysts say.  The top cryptocurrency fell by nearly 10 percent from $8,900 to $8,000 on Sunday to register its single-biggest daily decline Read More

On-Chain Activity Suggests Bitcoin Price Volatility Will Continue, Thanks to ‘Whales’ – CoinDesk

CoinDesk

Bitcoin’s (BTC) price volatility spiked in January and could further increase over the near term because “whales” have surfaced. The cryptocurrency’s annualized volatility grew roughly eight percentage points in January to a three-month high of 58.2 percent, according to Kraken’s Read More