Marché Wrap: Bitcoin approche les 29000 $ tandis que le trader d'options Ether fait un pari à long terme

The takeaway:

  • Bitcoin (BTC) négocier $28,775 à partir de 21:00 UTC (4 pm. ET). Gaining 7.3% sur le précédent 24 heures.
  • Autonomie de 24 heures de Bitcoin: $26,796.90 à $28,969.90 (CoinDesk 20)
  • BTC above its 10-hour and 50-hour moving averages, a bullish signal for market technicians.

Un autre jour, another all-time high in bitcoin as the cryptocurrency changed hands as high as $28,969.90, according to data compiled by the CoinDesk 20.

Bitcoin’s price began its upswing at around 17:00 UTC (12:00 pm. ET) Tuesday and barely let up, taking off from $26,400 to the brink of $29,000 en juste 26 heures.

According to analyst Alex Krüger, action in the bond market spurred gains in cryptocurrencies. “Rates came off in the 48 hours leading to yesterday’s [Tuesday’s] pump,” he told CoinDesk. Le lundi, les Etats Unis. 10-year bond yielded 0.950%. By Wednesday afternoon, it was 0.926%.

Calling Wednesday’s action a “strong market,” Chris Thomas, head of digital asset at Swissquote, said bitcoin’s price was “being pushed higher by retail flows. We have seen a few [investisseurs institutionnels] but not too many,” adding that “most are on holiday until next Monday.”

Bitcoin volume, déc. 2020.
La source: CryptoCompare

And while Thomas said he had expected the market to trade sideway this week, “the fact that it has moved higher to me suggests we may see a short-term pullback," il a dit.

Lire la suite: Bitcoin Prices in 2020: Here’s What Happened

“Bitcoin is extending its parabolic uptrend after gapping up at the start of the holiday week,” said technical analyst Katie Stockton, managing partner at Fairlead Strategies. “The rally has no new signs of exhaustion from an overbought/oversold perspective, and there is no resistance left to hold back bitcoin.”

Similar to Swissquote’s Thomas, Stockton warns a pullback is possible and, should it happen, “the gap from Monday is likely to be filled in an abrupt reversal.”

pendant ce temps, a string of bad news hit XRP as more exchanges announced halts in trading the cryptocurrency U.S. regulators claim is a security. Genesis, owned by CoinDesk parent company DCG, announced it was suspending trading and lending in XRP. Cryptocurrency exchange Binance is also suspending XRP trading for its customers, effective Jan. 13. The token was down 3.5% in the 24 hours leading up to publication time.

Trader eyes $5,000 ETH by September

Éther, the second-largest cryptocurrency by market capitalization, was up sharply Friday and trading around $750. That marks a 3.5% gain in 24 heures à compter de 21:00 UTC (4:00 pm. ET).

Despite hitting a multi-year high, trading on ether was lighter than average Wednesday. Just $618 million worth of ether was traded on the eight exchanges tracked in the CoinDesk 20 compared to the previous seven-day average of $726 million.

Ether volume, déc. 2020.
La source: CryptoCompare

Encore, at least one trader has sights set on an astounding rally in the months ahead. On Deribit, the largest crypto options exchange, someone bought 153 contracts of September 2021 calls with a strike of $5,000 for a premium of around $25 chaque. That means the trader bet roughly $3,825 that ether will rally sevenfold over the course of the next nine months. Calls give the owner the right, but not obligation, to buy the underlying asset (dans ce cas, éther) at a set price on a set date.

Prices need not come close to $5,000 for the trader to make a profit; a mere spike in volatility or even a relatively modest rally could increase the now-low probability of the options being in the money, albeit by a very small percentage. Encore, that could be just enough for the bet to pay off. A partir de maintenant, bien que, it has the same risk profile of a lottery scratch-off game.

Autres marchés

Ressources numériques sur CoinDesk 20 were mixed Monday.

Gagnants notables à partir de 21:00 UTC (4:00 pm. ET):

  • orchid (OXT) +2%
  • bitcoin cash (BCH) +2%
  • litecoin (LTC) +2%

Perdants notables:

  • chainlink (LIEN) -2.2%
  • eos (EOS) – 3%
  • stellaire (XLM) – 3%

Equity indexes:

  • Japon: Nikkei 225: 27,444.17 (-123.98 ou -0.45%)
  • U.K.: FTSE 100: 6,555.82 (-46.83 ou -0.71%)
  • NOUS.: S&P 500: 3,732.04 (+5.00 ou +0.13%)

Produits de base:

  • Oil was up 0.6%. Prix ​​du baril de brut West Texas Intermediate: $48.29
  • Gold was in the green, haut 0.7% et à $1,896.40 au moment de la publication.

Trésors:

  • Les 10 ans aux États-Unis. Treasury bond yield fell Monday to 0.926%.

Divulgation

Bloquons les annonces! (Pourquoi?)

La source: Coindesk

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