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We are seeing a resurgence in options trading. Yesterday saw the highest volume of options contracts changing hands since the 29th of July.

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With option open interest climbing to $2B, Bitcoin is heading for its largest-ever expiry, with 17 days left to eclipse August’s $2.1B and September’s $2.27B totals.

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The dollar index, shown below, continues to hold just above critical support at $92.72, as traders digest the latest analysis from Goldman Sachs and UBS suggesting a Biden ‘Blue wave’ would actually be positive for stocks. This, along with a Covid-19 vaccine, according to Zach Pandl, co-head of Global FX, Rates, and EM Strategy at Goldman, could see the dollar back to 2018 lows.

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If Biden wins, maybe Twitter’s loss will be Bitcoin’s gain, as rising stock prices plus a falling dollar = happy hodlers.

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EQUOS is a cryptocurrency exchange focused on offering innovative product and services that are compliant, fair, and trusted.

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