Options market predicts chance of Bitcoin hitting all-time high in 2020 is 4%
BTC $9363 (+2.2%) • ETH $244 (+3.7%) • XRP $0.198 (+1.5%)
|CryptoSlate||Jul 21|| 2|
Bitcoin’s multi-month consolidation phase is narrowing as the cryptocurrency now trades between $9,100 and $9,200.
The incredibly low volatility that has come about as a result of this has only been seen a handful of times throughout its history and suggests that a major movement is looming on the horizon.
That being said, one important fragment of the crypto market doesn’t seem to think that this next big movement will be enough to spark the next parabolic uptrend.
According to data, Bitcoin’s options market is only pricing in a four percent chance of Bitcoin hitting its all-time highs of $20,000 by the end of the year.
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A new report jointly-published by eToro and The TIE laid out their research on the cryptocurrency landscape for Q2 of 2020.
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Like Bitcoin, Ethereum’s price has flatlined over recent weeks.
The stablecoin sector has been seeing tremendous growth throughout the past year.
Accredited investors in Hong Kong are facing scrutiny from wealth managers and banks globally — the latter searching for investor ties to a pro-democracy narrative.
Japan’s central bank — the Bank of Japan (BoJ) — confirmed Monday it has created a new division to research and study the issuance of digital currency.
While Bitcoin has yet to go entirely mainstream, it has been deemed one of the world’s most important innovations of the past two decades.
After the price of its native token LINK reached its all-time high last week, Chainlink has seen its on-chain metrics skyrocket.
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