Bitcoin is Walking Hand in Hand with Euro: Institutions are Taking Rise-Focused Risks! - Coin Bulletin

robot
Abstract generation in progress

Bitcoin (BTC) gained strength against the euro and the dollar, which shows that investors tend to shift their capital from US assets to other safe havens.

Recently, the option data related to Bitcoin (BTC) and euro-dollar (EUR/USD) exchange rates indicates these assets, which have shown a strong stance despite the decline in the U.S. stock market.

According to data obtained from platforms like Deribit and Amberdata, the short-term risk reversals of Bitcoin are slightly positive, indicating an increase in demand for call options. This situation follows a period where put options were in higher demand.

The EUR/USD risk has reversed positively, indicating an increase in demand for euro. These developments signal that investors are starting to move away from U.S. assets towards other assets like Bitcoin (BTC) and euro. In particular, the uncertain economic conditions in U.S. are directing investors towards assets considered safer.

On Monday, Bitcoin (BTC) exceeded $88,000. During the same period, the euro/dollar exchange rate rose to 1.1575, reaching its highest level since November 2021. This shows that investors are turning to alternative assets following the weakening of the dollar.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)