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Bitcoin Traders Brace for NFP Shock With Hedging Plays

As the August U.S. nonfarm payrolls report (NFP) nears, bitcoin BTC BTC - $111078.398 traders on the CME are snapping up inexpensive bearish bets by purchasing far out-of-the-money puts, hedging against the possibility of an unexpectedly strong jobs print that could trigger a sell-off in risk assets.

Source: coindesk.com

Related symbols: BTCUSD

2025-09-04 15:28:03 GMT.

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Price & Market Data

Price: $111078.398

Volume 24h: $24,392,135,825.60

Market Cap: $2,212,407,111,637.23

Description

Bitcoin (BTC) is a cryptocurrency launched in 2010. Users are able to generate BTC through the process of mining. Bitcoin has a current supply of 19,917,528. The last known price of Bitcoin is 110,944.7666778 USD and is up 0.62 over the last 24 hours. It is currently trading on 12334 active market(s) with $24,435,446,536.49 traded over the last 24 hours. More information can be found at https://bitcoin.org/.