The gains for Ether were topping those of #Bitcoin, the world’s largest cryptocurrency, which has gained 6.8% to $24,687 over the past 24 hours. Bitcoin remains down almost 47% in 2022. #tmac
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- 0.315306TMAC
- 16000VP
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August 2022
#Bitcoin 30-day options 25% delta skew: Source: LaevitasData shows that the skew indicator has been ranging between 3% and 5% since Aug. 5, which is deemed to be a neutral area. Options traders are no longer overcharging for downside protection, meaning they might lack #excitement,
The high correlation of traditional assets to #cryptocurrencies remains a huge concern for some investors. Investors should not be getting ahead of themselves even if inflationary pressure recedes because the U.S. Fed monitors employment data very #closely
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