A Look At Bitcoin, Ethereum And Dogecoin Into The Weekend As Stock Market Turns Lower
Portfolio Pulse from Melanie Schaffer
Bitcoin, Ethereum, and Dogecoin traded near flat during Friday's session, following jobs data released by the U.S. Labor Department. The S&P 500 initially rose, reacting positively to the data, before bearish pressure dropped the market ETF. The crypto market remained muted, mostly consolidating sideways. Traders have multiple options to trade the potential volatility, including the ConvexityShares Daily 1.5x SPIKES Futures ETF (NYSE:SPKY) and the ProShares Ultra VIX Short Term Futures ETF (NYSE:UVXY).
August 04, 2023 | 9:33 pm
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NEUTRAL IMPACT
The ConvexityShares Daily 1.5x SPIKES Futures ETF (NYSE:SPKY) is a potential option for traders to trade the potential volatility in the market.
The article mentions that SPKY is a potential option for traders to trade the potential volatility in the market. However, the overall market direction is uncertain.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
The ProShares Ultra VIX Short Term Futures ETF (NYSE:UVXY) is another potential option for traders to trade the potential volatility in the market.
The article mentions that UVXY is a potential option for traders to trade the potential volatility in the market. However, the overall market direction is uncertain.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70