The crypto-derivatives market was largely successful in 2020. While Bitcoin Futures have been in the limelight a lot due to the CME’s growth, Bitcoin Options stole the show with its consistent run throughout the course of 2020. However, its magnification goes beyond the regular interest of traders, with other factors playing a vital role in...Read More
While Ethereum was trading above $450 at press time, the ETH-BTC correlation remained tight at around 0.76, based on data from CoinMetrics. In fact, Ethereum’s price has gained by 3.69% over the past week and considering the progress of ETH 2.0’s validator nodes, it may seem obvious that many traders are long on ETH. High...Read More
This week saw increased volatility in the crypto market, not only due to the expiry of Bitcoin contracts but also because of the expiry of Ethereum contracts. Nearly 460,000 ETH options are set to expire on Friday that made up for almost $450 million in open interest. This will be the largest expiration date for...Read More
2020 saw Ethereum [ETH] briefly take over Bitcoin’s lead in the market. However, this growth was the result of the boom witnessed by the decentralized finance [DeFi] ecosystem. According to data provided by Skew, the price volatility of Ethereum and Bitcoin are converging. The converging spread of the Ether-Bitcoin 6-month at-the-money [ATM] Implied Volatility had...Read More
Darwin’s theory of natural selection, and by extension, the idiom “Survival of the fittest,” is incredibly apt when it comes to describing the digital asset industry. For long, Bitcoin was considered to be the only ‘fit’ candidate in the crypto-ecosystem. Over the years, however, Ethereum has managed to carve out its own position of strength...Read More
There is no lack of development in the Ethereum community at the moment. However, while Ether’s value is soaring, the network has become the most expensive one to use and miners are rejoicing over all-time high revenues, with the network’s hashrate now better than it has ever been in the last 20 months. And yet,...Read More
