Bitcoin Advances as Concerns Over Deleveraging ‘Cascades’ Ease
- Binance CEO says deleveraging ‘cascades’ getting smaller
- Attention now turns to Friday’s crypto options ‘witching’
This article is for subscribers only.
Bitcoin climbed as some executives and investors expressed optimism that the selling pressure that drove the largest token to an 18-month low over the weekend is abating.
The largest cryptocurrency rose as much as 4.7% to $20,786, while Ether climbed as much as 6.4%. Bitcoin is now up 16% over the past few days, while many altcoins have seen far bigger gains. The crypto advance came even as European stocks were trading mixed.