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29.12 - 11:13
Crypto derivatives can foresee price action but need institutional buzz to truly shine
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cointelegraph.comThe cryptocurrency market has been under a period of duress, with a majority of the tokens in the cryptoverse witnessing a price slump that has set in since the first week of December. The flagship cryptocurrency token, Bitcoin (BTC), underwent a flash crash on Dec. 4, wherein the price of the token fell below $50,000 in nearly two months, as per data from Cointelegraph Markets Pro.
This phenomenon was witnessed among the majority of the cryptocurrency tokens as the market was gradually painted in red. Ethereum and Ether (ETH) came to be the network and token of choice for a majority of decentralized finance (DeFi) protocols as Ether witnessed a 19% price drop.
However, BTC and ETH also have a healthy futures and options market that could’ve
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