Market Wrap: Bitcoin All-Time High Tops Out at $19,850 as Ether Options Market Goes Mega-Bullish

Source: TradingView Bitcoin’s price hit an all-time high in the past 24 hours, trading as much as $19,850, according to CoinDesk 20 data. Source: Shuai Hao/CoinDesk The steady rise of bitcoin’s price since Saturday followed a drop during a market holiday in the U.S. last week that bitcoin as low as $16,242 on Thursday.

Ether traders paying for bullish bets The second-largest cryptocurrency by market capitalization, ether (ETH), was up Monday trading around $605 and climbing 8.5% in 24 hours as of 21:00 UTC (4:00 p.m. ET). The ether options put/call ratio on Deribit, the largest derivatives exchange in the crypto ecosystem, has been skewing heavily towards calls over the past month.

Timeline of Ethereum, Ultracoin