Recent fresh capital inflows has accelerated the growth of cryptocurrency options

Happy Friday! BTC up 3% in the past 24 hours, flirting $9,900, teasing the market at the $10K psychological level. In the last few days, I noticed BTC weakness from the start of Asia session followed by buying activity when the U.S. woke up, driven primarily by spot buying (futures curve still relatively flat). This is why I suspect that U.S. capital is driving the current bid; both retail and institutions. …

Eugene Ng

Former Barclays, Citi & Deutsche Bank. Investment Banker. Entrepreneur. FinTech. Financial Inclusion. Thinker. Growth. Strategy. Seeking clarity in the chaos.

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