First Mover Americas: Bitcoin Soars to Highest Level Since August
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Latest Prices CoinDesk Market Index (CMI) 1,154 +77.1 ▲ 7.2% Bitcoin (BTC) $24,532 +1713.6 ▲ 7.5% Ethereum (ETH) $1,685 +94.3 ▲ 5.9% S&P 500 futures 4,150.50 −7.8 ▼ 0.2% FTSE 100 8,012.76 +15.0 ▲ 0.2% Treasury Yield 10 Years 3.81% ▲ 0.0 BTC/ETH prices per CoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC) Top Stories
Bitcoin (BTC) surged more than 10% over the past 24 hours, moving to just shy of $25,000. The world’s largest crypto ran to as high as $24,898 early Thursday, its strongest level since Aug. 15. It’s since retreated to just under $24,500. Bitcoin in recent days had dipped below $21,600 amid growing investor concern over regulatory risk teamed with ideas that the U.S. central bank still had a long way to go to tame inflation. Investors, for now, appear to be shrugging off those concerns.
- The chart shows increased activity in bitcoin call options or bullish bets relative to puts or bearish options in the past 24 hours.
- Per Patrick Chu, director of institutional sales and trading at over-the-counter tech platform Paradigm, big call spreads, a bullish strategy, have been traded in the wake of Interactive Brokers’ decision to roll out BTC, and ETH trading to professional investors in Hong Kong.
- “Animal spirits waking up in Asia,” Chu tweeted while noting the bullish options market flows.
– Omkar Godbole
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