Trade8 is the #1 platform designed for high-frequency, programmatic crypto traders. Use our API to long or short BTC/USD and ETH/USD perpetual contracts with deep liquidity and adjustable leverage. Jan 24, · Bitcoin was first traded back in Back then, you could buy one of the new digital tokens for less than $ Prices steadily rose until peaking above $20, per coin in late Author: John Divine. STEP 1: Select the coins ETH in the left dropdown and BTC in the right downtown and click “View all Offers”. It will show all the offers from exchanges for ETH to BTC conversion. STEP 2: Select the recommended exchange or any other exchange you like. STEP 3: Enter your wallet address of BTC to receive the converted amount and click 'Next'. This will create your order and will show an /5().
Trade to btc or ethEthereum (ETH) vs Bitcoin (BTC): A Supercomputer or Cryptocurrency?
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Digital currency, unlike most currencies which are backed by governments or commodities, is backed by technology and mathematics in an autonomous and unregulated network of nodes and miners. Considering this, digital currency cannot be considered a currency in the traditional sense.
Trading in digital currency carries its own risks due to the highly volatile nature of the system. Market confidence might collapse due to technical issues, software or hardware hacks of large bitcoin entities, unexpected changes in the code underlying the cryptocurrency network, government crackdowns, competing alternative currencies, among other risks.
We believe that the IV changes in different options contracts could somewhat suggest the upcoming volatility of the underlying and how traders were anticipating it. We think that traders should consider this alongside with many other factors that could drive the crypto markets.
The way options traders pick the strike prices seems telling us that market has been takinga more progressive view on BTC prices, while the view on ETH has been relatively moderate.
We can see that most of the BTC options open interestwere in the strike price area, while the second and the third most popular strike price wear around and On the ETH side, strikes have been the most popular, while the second and the third most OI were and On the ETH side, calls with strikes seem like a typical bullish setup. On the other hand, and puts look more like defensive setups, as ETH has been in a rally since mid-May.
On the BTC side, calls with strikes also seem like a standard bullish setup, but calls with and strike prices seem even more aggressive. From the put writing perspective, puts with , , and strike price were all in-the-money. If a trader is bearish on BTC, they may consider puts with even lower strike prices than above However, it looks like BTC traders have been more long-term bullish on the price, while ETH traders have been more focus on the short-term price actions. Still, traders and investors should be flexible on the trading strategies and adjust their setups according to the market conditions.
This material should not be taken as the basis for making investment decisions, nor be construed as a recommendation to engage in investment transactions.
Trading digital assets involves significant risk and can result in the loss of your invested capital. You should ensure that you fully understand the risk involved and take into consideration your level of experience, investment objectives and seek independent financial advice if necessary. The cryptocurrency market slipped into a red zone, with all major altcoins nursing significant losses. Stablecoins may pose risks to "international monetary stability".
In the recent statement, the Treasury-based working group that makes federal regulators recommends taking actions to ensure that stablecoins do not undermine the confidence in national fiat currencies. Why it matters? Figure 2a: Bitcoin addrs. What does it tell us? Market eyes on BTC options with higher strike prices, ETH approach was relatively conservative The way options traders pick the strike prices seems telling us that market has been takinga more progressive view on BTC prices, while the view on ETH has been relatively moderate.
Figure 5a: BTC opt. US regulators consider imposing full KYC on transactions with stablecoins. More info. Crypto partners in your location.