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Bitcoin News Roundup for Sept. 8, 2020
With investors buying the bitcoin dip and staying bullish on options, CoinDesk’s Markets Daily is back for your latest crypto news roundup!
Updated Sep 14, 2021, 9:53 a.m. Published Sep 8, 2020, 4:10 p.m.
With investors buying the bitcoin dip and staying bullish on options, CoinDesk’s Markets Daily is back for your latest crypto news roundup!
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Today's stories:
Investors Buying Bitcoin Amid Price Slump to Near $10K, Data Shows
Despite bitcoin shedding over $2,000 in the last few weeks, the "buy the dip" mentality in the market still appears strong.
Bitcoin Options Suggest Investors Hedging but Still Long-Term Bullish
Bitcoin's options market retains long-term bullish bias despite the recent price pullback, data shows.
What Happened to DeFi Project SushiSwap Over the Weekend
SushiSwap experienced a tumultuous weekend after its founder sold $13 million worth of his stake in the project before turning the reins over to investor and FTX CEO Sam Bankman-Fried.
More For You
Solana CME Futures Fell Short of BTC and ETH Debuts, but There's a Catch
When adjusted for asset market capitalization SOL's relative futures volume looks better, K33 Research noted.
What to know:
- Solana's SOL futures began trading on the Chicago Mercantile Exchange (CME) on Monday, with a notional daily volume of $12.3 million and $7.8 million in open interest, significantly lower than the debuts of bitcoin (BTC) and ether (ETH) futures.
- Despite the seemingly lackluster debut, when adjusted to market value, SOL's first-day figures are more in line with BTC's and ETH's, according to K33 Research.
- Despite the bearish market conditions, the launch of CME SOL futures offers new ways for institutions to manage their exposure to the token, said Joshua Lim of FalconX.
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