Ether call options look attractive relative to Bitcoin as volatility spread dwindles

The fee is awarded to whichever miner adds the transaction to a new block. Fees work on a first-price auction system, where the higher the fee attached to the transaction, the more likely a miner will process that transaction first. The Shanghai upgrade, a backward-incompatible hard fork due sometime in the coming weeks, will open withdrawals of ether staked in the Ethereum network since December 2020. The upgrade will de-risk staking and increase capital efficiency, opening doors for more investor participation and perhaps ether price gain. Volatility is mean-reverting and has a positive impact on options prices.

The price is calculated using a global volume-weighted average price formula which is based on the pairings available on different exchanges of a particular crypto asset. For examples and more detailed information on how we track cryptocurrency prices and other metrics, see our methodology page here. Our daily newsletter putting the latest moves in crypto markets in context. Bitcoin continued to slide after a broader stock sell-off in the U.S. last week sent the cryptocurrency market into a frenzy and prompted the cryptocurrency to plummet by roughly 10%. The 24h trading volume refers to the amount a cryptocurrency has been bought and sold on all exchanges within the last 24 hours on the spot market.

Step 6: Code Walkthrough: Crypto Tracker

For more information on btc usd coindesk asset risk see FINRA, SEC, and CFPB public advisories. SoFi will apply a markup of up to 1.25% for each crypto transaction. The overall cryptocurrency market cap now stands at $932 billion, and Bitcoin’s dominance rate is 41.1%. At the close of markets, the S&P, Dow and Nasdaq all finished in the red, down 1.45%, 1.07%, and 1.76%, respectively. The trade idea is based on the assumption that the spread between the annualized 30-day realized or historical volatility of ether and bitcoin would bounce from the current unusually low level. That, coupled with the upcoming Ethereum Shanghai upgrade, would make ether calls pricier relative to bitcoin calls.

The stock market rallied after Fed chair Jerome Powell said a larger rate hike of 75 basis points isn’t being considered. By clicking ‘Sign up’, you agree to receive newsletter from CoinDesk as well as other partner offers and accept our terms of services and privacy policy. If digital asset regulation is drifting into partisan waters, that’s bad for all involved. Bitcoin’s price is renowned for being highly volatile, but despite that, it has become the top performing asset of any class over the past decade – climbing a staggering 9,000,000% between 2010 and 2020. Ocean Protocol price took to an uptrend in early February, rising significantly during the first week before profit-takers interrupted the rally.

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Joining the discussions are CoinDesk Tech Managing Editor Christie Harkin, and Markets Managing Editor Brad Keoun. A stablecoin is a digital currency designed to peg its value to real-world assets. Issuers of stablecoins often back their virtual currencies with other assets held in reserves. Charts Explore more data on the digital asset markets with comprehensive graphs. Many financial advisors cite lack of intrinsic value as a case against bitcoin.

• Financial professionals stand to benefit greatly from blocking off just one hour per week to learn about a digital asset, such as one of 500 included in CoinDesk’s Digital Asset Classification Standard.
• Built for replicability and reliability, in continuous operation since 2014, the XBX is relied upon by asset allocators, asset managers, market participants and exchanges.
• Although we know that the data is formatted in JSON, is we print out the character buffer we notice that there’s some extra characters in the server’s response.
• The upgrade will de-risk staking and increase capital efficiency, opening doors for more investor participation and perhaps ether price gain.

«This allows traders to buy a high-volatility asset for the price of a lower-volatility asset .» The CoinDesk Bitcoin Price Index is the world’s leading reference for the price of bitcoin, used by the largest institutions active in crypto assets. It is the crypto market standard, benchmarking billions of dollars XRP in registered financial products and pricing hundreds of millions in daily over-the-counter transactions.

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Sign Up NowGet this delivered to your inbox, and more info about our products and services. The Luna Foundation Guard, which is behind TerraUSD, has been buying up large amounts of bitcoin in its reserves. We also encapsulated the data capture and parsing inside a getData() function, and the data displaying on the OLED screen inside the prinData() function.

The virtual https://www.beaxy.com/ has been trading in a narrow range this year as it attempts to reclaim its highs of late 2021. By submitting your information, you will receive our weekly ‘Crypto for Advisors’ newsletter and updates, and you agree to our terms of services and privacy policy. Coinbase is leveraging its status as the lone public crypto exchange in a do-or-die play to increase market share across Europe. With bitcoin wavering near its threshold of $23K as investors remain hopeful about inflation and the economy, plus a look at the Binance and Bitzlato debacle, CoinDesk’s “Markets Daily” is back with the latest news roundup. In 2014, Adam Back, another cypherpunk and the inventor of Hashcash – a cryptographic hashing algorithm created in 1997 which used the same proof-of-work mechanism that Bitcoin would later adopt – co-founded Blockstream. Blockstream is a for-profit tech company that develops new infrastructure on the Bitcoin network, including Lightning Network and sidechains.

BTC Proxy Is Live on BNB Chain and Interoperable With WBTC…

The btc usd coindesk and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG. You can track over 10,000 crypto prices on CoinGecko across more than 50 currencies. Popular cryptocurrency pairs include BTC-USD, ETH-USD, and SLP-USD.

All writers’ opinions are their own and do not constitute financial advice in any way whatsoever. Nothing published by CoinDesk constitutes an investment recommendation, nor should any data or Content published by CoinDesk be relied upon for any investment activities. CoinDesk strongly recommends that you perform your own independent research and/or speak with a qualified investment professional before making any financial decisions. «A wave of new participants who had previously been watching from the sidelines can potentially add a level of buying pressure to ETH, especially if institutional capital can be enticed,» Binance Research said in a report last month. Realized or historical volatility measures daily changes in the price of a security over a particular period of time. Options are derivative contracts that give the holder the right, but not the obligation, to buy or sell the underlying asset at a predetermined price on or before a specific date.

But demand and global adoption, evidenced by bitcoin’s steadily increasing price, are what they should be paying attention to. Every 210,000 blocks, or about once every four years, the number of bitcoin received from each block reward is halved to gradually reduce the number of bitcoin entering the space over time. As of 2021, miners receive 6.25 bitcoins each time they mine a new block.

Built for replicability and reliability, in continuous operation since 2014, the XBX is relied upon by asset allocators, asset managers, market participants and exchanges. The XBX is the flagship in a portfolio of single- and multi-asset indices offered by CoinDesk. The one bright spot worth mentioning is Kava , a decentralized bank for digital assets that provides its users with access to stablecoins, loans, and interest-earning opportunities for their crypto. KAVA is up 11.35% on the daily chart and 16.82% on the weekly chart as it has attracted the attention of crypto-investors who are looking for a crypto-native decentralized banking platform. Traders are waiting for a speech by Fed chair Jay Powell before they make their next moves. In Japan, one digital assets company wants to build the market for NFT trading in Yen.

We can do so by creating either a Static or Dynamic JsonBuffer object , and calling its respective parseData() method. The JsonBuffer object then allow us GAL to pick the data we want by using the familiar keyed array notation. Using the default I2C pins for the ESP8266 allows us to simply use the built-in Wire library for I2C communication.

Bitcoin is the world’s first decentralized cryptocurrency – a type of digital asset that uses public-key cryptography to record, sign and send transactions over the Bitcoin blockchain – all done without the oversight of a central authority. Major digital assets are trading flat as the Asia business day begins, with bitcoin down 1% on-day to $22,829 and ether also off 1% to $1,622. In addition to tracking price, volume and market capitalisation, CoinGecko tracks community growth, open-source code development, major events and on-chain metrics. Given the potential for anomalies or manipulation at individual exchanges, constituent weights may dynamically adjust using CoinDesk Indices proprietary Constituent Weighting Adjustment Algorithm .

The cryptocurrency news site was founded in 2013 by entrepreneur Shakil Khan. The media company was then acquired by Digital Currency Group for roughly $500,000 in January 2016. Two weeks ago, STEEM, the token of decentralized social media platform Steemit, has hit an all-time low of 424 sats on Binance. The token was in a prolonged bear market since May, when the community forked the social media platform after its acquisition by TRON. Recently, STEEM had two green weeks, albeit with gains that were rather unimpressive compared to some…