Undeterred by China ban, crypto options traders are leaning bullish for the rest of 2021

04 Oct 2021

SGT 0815
📈 BTC | $48,133 (+$9, +0.0%)
📈 ETH | $3,418 (+$127, +3.8%)
📈 XRP | $1.05 (+$0.03, +2.5%)
📈 LTC | $170 (+$4, +2.4%)

📈 Total Crypto Market Cap: $2.14T (+1.1%)

🚨 After surviving the largest options expiry of 2021 last Friday, Bitcoin options on several exchanges are skewing bullish – despite the recent regulatory turmoil from US and Chinese regulators.

🏦 The US Treasury Department is widely expected to release a stablecoin research report in end-October, complete with recommendations on stablecoin regulation. Speculation is mounting that stablecoins may be put under “bank-like” regulations, a growing point of importance for the roughly $130 billion market.

🔎 JP Morgan researchers observed recently that institutional investors appear to be pivoting out of Bitcoin, and into ‘physical’ Ethereum tokens instead. Major draws for such investors appear to be the usefulness and fast-paced development of NFT and DeFi solutions – the latter is which increasingly providing direct competition to several traditional financial services.


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