“Given the absence of big news in August, selling volatility and taking a vacation for solid theta gains is the only thing I can do right now,” one trader said. Crypto traders typically short volatility by selling or writing call/put options.Read MoreCoinDesk: Bitcoin, Ethereum, Crypto News and Price Data[#item_full_content]
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Ether underperformed, losing 6% after Tom Lee said Bitmine would soon stop purchasing additional ETH.Read…