Ether-Bitcoin Ratio Slides to Lowest Since April 2021. Here’s Why
The ether-bitcoin ratio slides to a three-year low, extending year-to-date losses to nearly 16%.
Binary trading platforms with better performance and payouts
Trading
The ether-bitcoin ratio slides to a three-year low, extending year-to-date losses to nearly 16%.
One trading desk has seen an uptick in call buying activity with targets of as high as $120,000 for December 2024.
Increased transactions on the Shibarium blockchain will lead to a higher burn rate for the SHIB token, reducing its circulating supply.
The CME is already the top bitcoin futures exchange by open interest, while the offshore, non-regulated Binance dominates the spot market.
A physical representation of doge and shiba inu token. (Kevin_Y/Pixabay)
Bitcoin, the leading cryptocurrency by market value, fell by nearly 15% in April, ending a seven-month winning streak.
LRT holders can tokenize any yield-bearing strategy to generate an annualized percentage yield of 10% to 50%.
The number of active bitcoin call contracts is significantly higher than puts, indicating bullish market sentiment.
Recently, traders have sold $80,000 BTC call options expiring at the end of May to generate additional yield, one observer said.
The summer months, between June and September, have historically brought significantly lower investor returns than other months of the year, says André Dragosch, head of research at ETC Group.