XRP, ADA Post Highest Losses Among Majors; Bitcoin Steady as ‘Buy the Dip’ Mentions Fade

“Data suggests that long volatility strategies have been deployed extensively over the weekend after the price crashed below the $25,000 level,” the analysts wrote. “In turbulent times, traders might expect high volatility to continue and use options strategies (like straddles or strangles) to profit from this.”

Original Source: https://www.coindesk.com/markets/2023/08/22/xrp-ada-post-highest-losses-among-majors-bitcoin-steady-as-buy-the-dip-mentions-fade/?utm_medium=referral&utm_source=rss&utm_campaign=headlines