Crypto’s Next Move Depends on the Next Fed Rate Hike: Options Trader

BTC is currently trading at just above $23,500, but Lakha did not rule out the possibility it “could trade all the way back down to $16,000” before bouncing back to $28,000 or even $30,000. The implied levels of volatility could be cheap enough to make buying puts attractive again, he said.

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• Source: https://www.coindesk.com/markets/2023/02/28/cryptos-next-move-depends-on-the-next-fed-rate-hike-options-trader/?utm_medium=referral&utm_source=rss&utm_campaign=headlines