Bitcoin fell by over $3,300 while options traders see ether going higher.
The price of bitcoin has traded in a tight range Tuesday.
Less action in the bitcoin market Wednesday means traders are sitting out while ether options are piling up for a first-quarter expiration.
Bitcoin’s price crested an all-time high $40,000 mark while DeFi total value locked hits a new record on market fervor.
Bitcoin breaks $34K while ether futures continue to gain steam.
Profit-taking helped lead bitcoin lower Monday while more investors are eyeing ether with great interest.
Bitcoin nearly triples its price in 2020 and ends the year close to $29,000, but ether gained 450%.
With XRP’s sell-off, bitcoin’s dominance increases. However, the derivatives market hints at more volatility ahead for the world’s leading cryptocurrency.
Bitcoin is making gains after a strong volume weekend while ether’s percentage of BTC price shows it may have room to climb.
The bitcoin market dipped again Tuesday while traders have scooped up ether options at the $1,120 price level.