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Bitcoin options market is quietly pricing a major downside move

The Bitcoin options market is indicating a potential significant downside move, as traders are increasingly buying put options, which allow them to sell Bitcoin at a predetermined price. This shift in sentiment comes amid concerns over regulatory scrutiny and macroeconomic factors affecting cryptocurrencies. The open interest in put options has surged, suggesting that investors are hedging against a possible price drop. Analysts note that the current market dynamics could lead to increased volatility in the coming weeks. Overall, the options market is reflecting a cautious outlook among traders regarding Bitcoin's near-term price trajectory.

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Americans distrust crypto, AI as industry super PACs flood midterms, poll finds

A recent poll reveals that a significant portion of Americans harbor distrust towards cryptocurrencies and artificial intelligence, particularly as industry super PACs increase their influence in the midterm elections. Only 18% of respondents expressed confidence in cryptocurrencies, while 20% felt the same about AI technologies. The survey highlights concerns over

Here’s what happened in crypto today

On October 3, 2023, Bitcoin experienced a significant price surge, reaching a peak of $35,000, driven by increased institutional interest and positive market sentiment. Ethereum also saw gains, climbing to $2,200, as developers announced upgrades aimed at improving scalability. Meanwhile, regulatory discussions in the U.S. continued to

Bitcoin preps highest weekly close since January as BTC price nears $79K

Bitcoin is on track for its highest weekly close since January, with its price approaching $79,000. The cryptocurrency has seen significant upward momentum, driven by increased institutional interest and positive market sentiment. Analysts suggest that if Bitcoin maintains this trajectory, it could break through previous resistance levels. The growing

Americans still prefer banks over crypto for financial access, CoinDesk's survey shows

A recent CoinDesk survey reveals that a majority of Americans still prefer traditional banks over cryptocurrencies for financial access. Approximately 60% of respondents indicated they trust banks more than crypto platforms for managing their finances. The survey also highlighted concerns about the security and volatility of cryptocurrencies, which contribute to

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Americans distrust crypto, AI as industry super PACs flood midterms, poll finds

Here’s what happened in crypto today

Bitcoin preps highest weekly close since January as BTC price nears $79K

Americans still prefer banks over crypto for financial access, CoinDesk's survey shows