Ethereum falls below its 200-day moving average, November 9
Ethereum fell about 5.9% on November 9 to around $2,100, with its Sunday closing price falling below the 200-day moving average for the first time since August 18.
About $1.16 billion in liquidations occurred across the crypto market over the past 24 hours, including about $500 million in Ethereum—more than Bitcoin’s roughly $305 million. Ethereum funding rates turned negative.
Bitcoin’s one-week implied volatility rose to about 43% from roughly 33% last Thursday, while Ethereum’s climbed to around 60%. Four of Bitcoin’s most actively traded options contracts were put options with strike prices between $70,000 and $72,000, signaling a renewed demand for downside protection in the options market.
(Source: CoinDesk, “Crypto Markets Today,” November 9)
$BTC $ETH
Ethereum fell about 5.9% on November 9 to around $2,100, with its Sunday closing price falling below the 200-day moving average for the first time since August 18.
About $1.16 billion in liquidations occurred across the crypto market over the past 24 hours, including about $500 million in Ethereum—more than Bitcoin’s roughly $305 million. Ethereum funding rates turned negative.
Bitcoin’s one-week implied volatility rose to about 43% from roughly 33% last Thursday, while Ethereum’s climbed to around 60%. Four of Bitcoin’s most actively traded options contracts were put options with strike prices between $70,000 and $72,000, signaling a renewed demand for downside protection in the options market.
(Source: CoinDesk, “Crypto Markets Today,” November 9)
$BTC $ETH