Top Cryptos Edge Up as Derivatives Data Suggests Newfound Risk Aversion Among Traders

Bitcoin and ether climbed modestly late Wednesday as lighter crypto derivatives volumes signaled uncharacteristic caution among the market’s traders. Over the past 24 hours, bitcoin (BTC) was up 2.8 percent Wednesday afternoon New York time and ether (ETH) was in the green 4.3 percent. Bitcoin offshoots were among big winners on CoinDesk’s big board, including bitcoin gold (BTG) up a whopping 18 percent, bitcoin sv (BSV) climbing 16 percent and bitcoin cash (BCH) in the green 6 percent. BCH had its first halving of mining rewards Wednesday and BSV is expected to reach that milestone Friday. All 24-hour price changes are as of 20:50 UTC (4:50 PM EST) Wednesday. In the traditional markets, Asia’s Nikkei 225 index closed up 2 percent. This continues a week in Japan where unprecedented stimulus amid the declaration of a state of emergency has not stopped markets from going up. Europe’s FTSE 100 ended the day down slightly, at 0.28 percent. This erased two days of gains as U.K. Prime Minister Boris Johnson remains in intensive care for coronavirus-related health concerns. Read More...

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