Despite the pickup in demand for $22K puts, the options market remains biased bullish for the long term.
The new fund joins a growing number of offerings seeking to help investors easily bet on growth in decentralized finance (DeFi).
If $30,000 is broken, the next level of support is seen around $27,000.
Plus: Correcting misconceptions about institutional interest in crypto, and why Circle going public may bring greater regulatory clarity in the U.S. for stablecoins.
Also, Circle might be an attractive "starter stock for the cautious" when it goes public, according to one analyst.
Crypto analysts are looking at the FOX token's price gain and asking whether it's the latest promotion or the start of a new trend.
Here are three reasons why the stablecoin's tremendous growth has screeched to a halt.
Previous "death crosses" have marked major or interim price bottoms.
Should the cryptocurrency close at or below current prices, that would represent the steepest weekly sell-off since June 14.
The Federal Reserve chair said "the more direct route" would be to regulate stablecoins.
From a contrarian standpoint, low levels of crowd chatter on the Internet may be a sign that bitcoin market sentiment can't get much worse.
Contracting Bollinger bands suggest a big move is overdue.
Intraday volume for the world's oldest cryptocurrency remains considerably lower than weeks past.
The Federal Reserve chief signaled the U.S. central bank isn’t likely to dial back monetary stimulus anytime soon.
AXS is the governance token of the Axie Infinity platform, an Ethereum-based digital marketplace for the Axie Infinity game.