Bitcoin rockets over 15% to get above $70,000 but options markets are now pricing in a scary new floor

Bitcoin ripped from $60,000 to above $70,000 in less than 24 hours, erasing most of a brutal 14% drawdown that had tested every bottom-calling thesis in the market. The speed of the reversal, 12% in a single session and 17% off the intraday low, was violent enough to feel like a capitulation resolved. Yet, the […] The post Bitcoin rockets over 15% to get above $70,000 but options markets are now pricing in a scary new floor appeared first on CryptoSlate.