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Bitcoin slips after infrastructure bill
Bitcoin investors have been partying with the crypto’s recent rise, but is that about to be short lived?
Bitcoin pulled back on Tuesday after a nearly 20% rise over the past week.
The cryptocurrency was trading at around $45,000 at press time and is down 2% over the past 24 hours, compared with a nearly 1% loss in ether over the same period.
Analysts remain optimistic about bitcoin despite regulatory uncertainty in the U.S. regarding crypto tax rules.
BTC and ETH options strategy
Bullish sentiment is rising in the options market for bitcoin and ether.
“There’s been a spike in demand for near-term options as BTC and ETH obliterated their multi-month price ranges,” Delphi Digital tweeted. “Both assets seem to be in a strong uptrend, and speculators have been buying short-term options.”
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