Bitcoin Options Market Shows Signs Of Trend Reversal – October 31

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $20,390

Bitcoin price has ranged between $20,000 and $21,000 over the weekend, beginning the week around $20,400 on the Bitcoin whitepaper’s 14th birthday.

Top-20 altcoins once again have had mixed performance as Ethereum falls 1%, BNB rises 5% and Dogecoin has yet another high-volatility day with a 13% gain.

Top Stories for October 31, 2022 πŸ”₯

πŸ‘‰ Bitcoin Options Market Shows Signs Of Trend Reversal

The Bitcoin options market is beginning to show signs of a possible end to the downward price trend, as “skews” climb back to zero.

Skew is a measure of the spread between the implied volatility of call options (positive sentiment) and put options (negative sentiment) – with an increase in the skew indicating a shift in preference to call options.

It is the first time that skew has come out negative numbers since March of this year.

πŸ‘‰ Mining Company Argo Blockchain Shares Crash As It Risks Shutdown

UK-listed Bitcoin mining company, Argo Blockchain, risks shutting down as it faces possible negative cash flow in the short-term.

A subscription deal worth $27 million has fallen through for the company, which was supposed to accompany a $5.6 million inventory sale for the already-troubled firm.

Argo’s story is currently a common theme in the Bitcoin mining industry, as times get tough for the sector. Another miner, Core Scientific, saw a 75% crash as bankruptcy talks surfaced.

πŸ‘‰ Reserve Bank Of India To Launch CBDC Pilot Tomorrow

The Reserve Bank of India (RBI) will launch a pilot for its digital rupee – testing the waters for the country’s central bank digital currency (CBDC).

The pilot program will involve nine banks operating in the country, including the State Bank of India, Bank of Baroda, Union Bank of India and others.