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Bitcoin News Roundup for July 9, 2020
With bitcoin headed back up and Brazil's real hitting new lows, CoinDesk's Markets Daily is back!
Updated Sep 14, 2021, 9:29 a.m. Published Jul 9, 2020, 4:08 p.m.
With bitcoin headed back up and Brazil's real hitting new lows, CoinDesk's Markets Daily is back with another news roundup.
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This episode is sponsored by Bitstamp and Crypto.com.
Today's stories:
Bitcoin Option Traders Bet on Bullish Move Following Volatility Squeeze
While bitcoin's range play continues, options traders look to be betting on a big move to the higher side soon.
Only 23% of Hodlers Have a Crypto Estate Plan: Survey
The late Gerald Cotten wasn't the only investor who failed to make a plan for his crypto, according to a survey by the Cremation Institute.
Brazil's Ailing Economy Is Helping Dollar-Pegged Stablecoins Find Traction
Brazilian crypto users are increasingly turning to USD-pegged stablecoins as the country's real sinks to record lows against the dollar.
Get Off the Cloud With Start9's Private Internet Kit
Start9 Labs’ Embassy server sets up its own private internet network and comes with its own operating system. We tried it.
For early access before our regular noon Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica or RSS.
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These Three Metrics Show Bitcoin Found Strong Support Near $80,000
Onchain data shows multiple cost basis metrics confirm heavy demand and investor conviction around the $80,000 price level.
What to know:
- Bitcoin rebounded from the $80,000 region after a sharp correction from its October all time high, with price holding above the average entry levels of key metrics.
- The convergence of the True Market Mean, U.S. ETF cost basis, and the 2024 yearly cost basis around the low $80,000 range highlights this zone as a major area of structural support.
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