Cryptocurrencies
Bitcoin and Ether Approach 2024 Lows: Options Market Reflects Risk Aversion
Bitcoin (BTC) and Ethereum (ETH) have experienced significant depreciation, nearing their 2024 lows. This bearish trend is amplified by options market activity, where traders are paying higher costs for downside protection, signaling heightened risk perception and a dominant bearish sentiment. The DeFi sector has been hit hardest, though assets like XLM and LIT have shown resilience.
Carlos "Emérito" López Lovera
