By Gertrude Chavez-Dreyfuss
NEW YORK (Reuters) -The likelihood of bitcoin (BTC-USD)ending the year below $90,000 has risen to 50%, according to online options platform Derive.xyz, as traders ramped up hedging against more declines in the world's largest cryptocurrency.
On the other hand, the options market has ****** igned just a 30% chance of bitcoin finishing 2025 above $100,000.
Bitcoin was last down 4.2% at $86,681.41 on Thursday, after earlier falling to a seven-month low. It rose to an all-time peak of $126,223.18 in early October. So far this year, bitcoin has fallen more than 7%, o
NEW YORK (Reuters) -The likelihood of bitcoin (BTC-USD)ending the year below $90,000 has risen to 50%, according to online options platform Derive.xyz, as traders ramped up hedging against more declines in the world's largest cryptocurrency.
On the other hand, the options market has ****** igned just a 30% chance of bitcoin finishing 2025 above $100,000.
Bitcoin was last down 4.2% at $86,681.41 on Thursday, after earlier falling to a seven-month low. It rose to an all-time peak of $126,223.18 in early October. So far this year, bitcoin has fallen more than 7%, o
1 month ago
