First Mover: Bitcoin's Put-Call Ratio Hits 9-Month High, But That's Not Necessarily Bearish

PLUS: Bitcoin Battles Resistance Near All-Time-High as Possible 'Double Top' Looms: Technical Analysis
  • Traders are on watch for a breakout to fresh all-time-highs, but there is concern about a double-top forming, which could lead to profit taking.
  • --Damanick Dantes

    BIGGEST MOVERS

    These are the biggest movers in the CoinDesk 20 over the past 24 hours:

     

    Gainers:

    • Kyber Network (KNC): +10.4%

    • Litecoin (LTC): +6.3%

    • OMG Network (OMG): +4.4%

     

    Losers

    • Orchid (OXT): -11.4%
    • Cardano (ADA): -4.8%
    • Tezos (XTZ): -2.9%

     

    The CoinDesk 20 filters from the larger universe of thousands of cryptocurrencies and digital assets to define a core group of 20. These assets constitute roughly 99% of the market by volume at eight of the largest and most trustworthy exchanges.

    BOLO

    Be on the lookout for these events today:

     

    • 16:00 UTC (11:00 a.m. ET): NYDFS Superintendent Linda Lacewell's fireside chat with PayPal CEO Dan Schulman. What to look for: The New York Department of Financial Services chief will be talking to PayPal's Schulman on the final day of the Techsprint on Digital Regulatory Reporting in Cryptocurrency. Registration for the event can be found here: https://zoom.us/webinar/register/WN_bLOlSJYsSCevs7lKxdACLw

    ICYMI

    In case you missed it, here is yesterday's episode of First Mover:

     

    Market Moves and Binance News with Changpeng 'CZ' Zhao

    Changpeng "CZ" Zhao, CEO of Binance, the world's largest crypto exchange, discusses big developments in crypto markets and his latest move into DeFi. U.S. Representative Warren Davidson (R-Ohio) on his and other lawmakers' proposals for clearer crypto regulations. Plus the latest from Singapore-based Diginex after going public with a crypto exchange in the U.S.

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    LATEST HEADLINES

     

     

    Introducing Coin Toss, debating the future of money on CoinDesk TV

     

    From the world leader in crypto news and events, the all-new CoinDesk TV covers the rapidly evolving world of digital finance and its role in the global economy.

     

    Hosted by CoinDesk Podcasts Managing Editor Adam B. Levine, Coin Toss sets the stage for debate between guests with opposing views on policy and regulation, privacy and data integrity, fraud and crime and more.

     

    Watch Coin Toss Wednesdays at 10:30 a.m. ET on YouTube or CoinDesk.com.

    Disclaimer: The information presented in this message is intended as a news item that provides a brief summary of various events and developments that affect, or that might in the future affect, the value of one or more of the cryptocurrencies described above. The information contained in this message, and any information liked through the items contained herein, is not intended to provide sufficient information to form the basis for an investment decision. The information presented herein is accurate only as of its date, and it was not prepared by a research analyst or other investment professional. You should seek additional information regarding the merits and risks of investing in any cryptocurrency before deciding to purchase or sell any such instruments. 

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