Turkey’s President Erdogan’s experience with central bank interference serves as a warning, as it led to a currency collapse and increased investment in bitcoin and stablecoins. What to know: The week has begun on an interesting note, with the U.S. dollar crashing to three-year lows alongside losses on Wall Street, yet bitcoin (BTC), which usually […]
The record bullish skew in options on the company seen as a leveraged play on bitcoin has vanished as the BTC tailwind driven by the Treasury asset narrative loses momentum. By Omkar Godbole CoinDesk What to know: Traders are no longer chasing upside in Nasdaq-listed MicroStrategy (MSTR), a leveraged play on bitcoin (BTC), signaling a cautious […]
CoinDesk by Omkar Godbole Just when you thought the year-end couldn’t get any more intriguing, a significant options expiry is set to shake things up in this highly levered-up market. Options are derivative contracts that give the purchaser the right to buy or sell the underlying asset at a preset price at a later date. A […]