Bitcoin, the largest cryptocurrency by market capitalization witnessed a spike in demand for bullish calls tied to the asset. BTC price topped its 200-day moving average for the first time since April 2021 fueling a bullish narrative among options traders.
The crypto market remains elevated after an incredible first leg up. Now a pause in price action is giving traders time to consider if they want to go on the offensive or remain sidelined.
Shiba Inu, the second largest meme coin in the crypto ecosystem, dropped details of the upcoming launch of layer-2 scaling solution Shibarium. Three Shiba Inu ecosystem tokens: SHIB, BONE and LEASH will derive utility from the scaling solution.