BTC - 3 Reasons Bitcoin Ethereum and Solana Dropped Again Today
Volatility has once again taken negative form in the crypto world today, with three of the most watched cryptocurrencies dipping once again to start the week. As of 8:30 a.m. ET, Bitcoin (CRYPTO: BTC) , Ethereum (CRYPTO: ETH) , and Solana (CRYPTO: SOL) have each moved meaningfully lower, having dropped 2.3%, 2.8%, and 4.2%, respectively, over the past 24 hours.
These moves appear to be a function of at least three core drivers today. Among the key factors many investors are watching is the directional volatility being priced into these tokens from the options market. Reports today suggest that Bitcoin's put-call premium, a measure of the excess price investors are willing to pay to hedge their Bitcoin exposure to the downside, has reached a fresh six-month high.
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3 Reasons Bitcoin, Ethereum, and Solana Dropped Again Today