Market Wrap: Bitcoin Options Lean Bearish as Some Altcoins Outperform

Posted on by American Coins & Gold

Market Wrap: Bitcoin Options Lean Bearish as Some Altcoins Outperform
Bitcoin traded lower on Friday along with equities as demand from buyers faded.The brief price bounce over the past two days was limited as bitcoin (BTC) eventually dipped below $48,000, although charts suggest pullbacks could stabilize around the $46,000 support level, or the level at which buyers tend to purchase or enter into a stock.BTC is roughly flat over the past week, compared with a 1% drop in ether (ETH), a 5% rise in Solana’s SOL token, and a 38% rise in Avalanche’s AVAX token over the same period. The wide dispersion in crypto returns this week suggests that investor…