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CoinDesk Podcast Network
MARKETS DAILY: Crypto Update | Bitcoin Outlook and BitMEX Options Trading
May 9, 2024
Helene Braun speaks with BitMEX CEO Stephan Lutz about Bitcoin outlook, options trading, meme coins. Lutz predicts $60-70K trading range, discusses benefits of options trading, BitMEX platform features. They also talk about meme coins, Solana's influence on crypto landscape.
17:34
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Quick takeaways
- Bitcoin expected to trade between $60,000 and $70,000, potential for new all-time highs or corrections.
- BitMEX introduces options trading with Power Trade to expand accessibility and cater to diverse traders.
Deep dives
Crypto Derivatives Market Outlook
In the podcast episode, BitMEX CEO Stefan Lutz predicts that Bitcoin will trade between 60,000 and 70,000 in the coming weeks. With the recent surge in crypto derivatives volumes to record highs, traders can capitalize on the price range for potential profits amid the market's volatility. Lutz anticipates sideways movement before potential new all-time highs, highlighting the favorable environment for both professional and individual traders.
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