Bitcoin Shines As Hedge Against ‘Major Geopolitical Events,’ Says Research Firm

Bitcoin (CRYPTO: BTC) tends to shine as a hedge against geopolitical uncertainty, according to a report by financial services and infrastructure firm NYDIG.

Bitcoin Options Data Shows Caution

Following the Federal Reserve’s 50 basis point rate cut, options market data shows an unexpected pattern in trader sentiment, according to the report.

Despite bitcoin’s rally, there was “an increase in implied volatility (IV) for downside protection (buying puts on bitcoin) and a decrease in IV of options used to position for an upside move (buying calls on bitcoin).”

This indicates that traders may be skeptical about the sustainability of the recent price surge.

Corporate Adoption Of Bitcoin

On the corporate adoption front, Cathedra …

Full story available on Benzinga.com