Bitcoin nears 2024 lows as options traders pay up for downside protection
CoinDesk·
60-second summary
Bitcoin and ether are sliding toward key support price levels, with Bitcoin nearing its 2024 lows. DeFi tokens are being hit hardest, while XLM and LIT buck the broader market weakness. Options traders are paying up for downside protection, indicating a growing fear of further price drops, which could lead to a potential market correction in the coming days.
Bitcoin and ether slid toward key support price levels. DeFi tokens were hit hardest, even as XLM and LIT bucked the broader market weakness.