Traders have scaled back bets of aggressive rate cuts by the Federal Reserve ahead of the U.S. GDP report.
Crypto Traders Brace for Nearly $5B Bitcoin and Ether Options Expiry
Options are derivatives that give the purchaser the right to buy or sell the underlying at a pre-determined price at a later date. Quarterly options settlements are closely watched by traders.
Market Wrap: Bitcoin Still Stuck in a Rut, Trading Below $10K
Traditional markets slide as coronavirus cases spike, and crypto follows because its correlation is still unbroken.