Market Wrap: Interest in Bitcoin Rises as Prices Near $10K, but Can It Continue?

Bitcoin trading on Coinbase since May 6Source: TradingView “Most of the people I know are buying bitcoin and gold as a hedge against global recession. Additionally, investor Paul Tudor Jones II, who manages $38 billion in assets, published an outlook and change to one of his fund’s strategies to reflect trading in bitcoin futures on Thursday.

As more investors have conversations on bitcoin’s place in an uncertain global economy, professional traders active in the crypto derivatives market are hedging their bets with both futures and options. Ether trading on Coinbase since May 6Source: TradingView Cryptocurrency winners include neo (NEO) in the green 6.6%, iota (IOTA) climbing 5.5%, and bitcoin cash (BCH) higher by 3.7%.

Timeline of Bitcoin-cash, Neo