Market Wrap: Elon Taketh Away – Bitcoin Continues Fall as Options Traders Pile Into Puts

Market Wrap: Elon Taketh Away – Bitcoin Continues Fall as Options Traders Pile Into Puts

Most cryptocurrencies are down Monday, prompting a flurry of activity in the options markets as traders reposition themselves amid increased volatility.

Bitcoin (BTC) trading around $44,211 as of 21:00 UTC (4 p.m. ET). Losing 2.8% over the previous 24 hours.

Bitcoin’s 24-hour range: $42,269-$46,462 (CoinDesk 20)

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