Options Prices, Market Volatility, and DeFi's Top Dogs

Today’s Digest

After yet another weekend of indecisive price action, crypto markets enjoyed a bounce across the board yesterday. Today, the market was finding its footing before Coinbase’s announced its 4% rewards card can be spent through Apple Pay and Google Pay, causing another mini pump. While the next few weeks of price action are likely to be choppy and range bound, early data suggests volatility may be culled for now.

Key Takeaways

• Implied volatility for various durations of BTC options have fallen over the past week, indicating cheaper options across the board (good for buyers, bad for sellers).
• Implied volatility, as the name sugges