Bitcoin traders continue to eye downside volatility, hedging their bullish exposure despite recent positive signals, such as the Federal Reserve’s rate cut, crypto derivatives exchange Deribit’s CEO Luuk Strijers told CoinDesk.
Earlier this week, the U.S. Fed cut interest rates by 25 basis points and signaled an additional 50 basis points of easing expected by year-end. The Securities and Exchange Commission (SEC) unveiled a new generic listing standard for crypto ETFs, which is set to accelerate the approval process.
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Author: Omkar Godbole
