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50 XRP Plunges 12% as Crypto Market Loses $1 Trillion
Alex Dovbnya
Bitcoin is currently trading slightly above the much-coveted $100,000 level while Ethereum (ETH) is changing hands at $3,920.
According to Greeks.live, market makers are currently in the process of repositioning their portfolios during the Christmas season when trading volumes tend to drop significantly. US equities could end up experiencing stronger volatility due to reduced liquidity.
Traders are expecting sharper moves based on increasing implied volatility (IV). Furthermore, the platform has noted that the influence of the U.S. stock market on crypto prices is becoming more pronounced. Hence, cryptocurrencies could also succumb to volatility in tandem with stocks. Hence, many traders are using options as a tool for hedging against volatile price movements during this holiday season.
#Ethereum Price Prediction #Bitcoin Price Prediction
About the author Alex Dovbnya
Source: u.today
