Tag Archives: 20K

Bitcoin is falling a day after the options market saw increased demand for out-of-the-money or lower strike put options at $22,000 and $20,000. The leading cryptocurrency was trading at a three-week low of $30,700 at press time, representing a 3.5% drop on the day. The decline has flipped the crucial 50-week simple moving average (SMA) support of $32,250 into resistance. On Sunday, 500 contracts of the $22,000 put option expiring on Dec. 31 changed hands via the institution-focused… Source link

Bitcoin’s price continues to climb, a consistent flow of BTC is leaving exchanges and bitcoin “whale” sightings are becoming more frequent. But beyond the market frenzy, how does it all work?  Is bitcoin money or a technology? Is it a store of value like gold or does it emulate Milton Friedman’s “e-cash” idea?  And while the world struggles to come to terms with bitcoin – perhaps most clearly shown in the discrepancy between bitcoin’s current price and asset manager Source link