Market Wrap: Bitcoin Hits $18.4K; $260M in Ether Options Expire in December

Market Wrap: Bitcoin Hits $18.4K; $260M in Ether Options Expire in December


Higher spot volumes Wednesday – and record volumes for the past month – are helping push bitcoin higher. Meanwhile, ether options for December pass 550,000 ETH.

Bitcoin (BTC) trading around $17,688 as of 21:00 UTC (4 p.m. ET). Gaining 0.17% over the previous 24 hours. Bitcoin’s 24-hour range: $17,571-$18,474 (CoinDesk 20) BTC below its 10-day moving average but above the 50-day, a sideways signal for market technicians.

Bitcoin trading on Bitstamp since Nov. 16.

Source: TradingView

Bitcoin made gains for the third straight day this week, going as high as $18,474 according to CoinDesk 20 data. The price slipped, however, to $17,688 as of press time. 

Read More: Bitcoin Indicator Suggests Bull Market Is Still in Early Phase

The last time bitcoin was in this range occurred way back in December 2017. “In general, the market sentiment is still very bullish,” said Andrew Tu, an executive at

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