Bybit Launches Dedicated Tether Gold Options Market

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 1 day ago

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Options Market Innovation: Bybit has launched the industry's first dedicated Tether Gold (XAUT) options market, allowing traders to buy and sell options contracts tied to physical gold, marking a significant advancement in the crypto derivatives space.
Independent Asset Class: By creating a separate XAUT options market, Bybit makes it easier for traders to find and access this new product, thereby enhancing market liquidity and trading convenience.
Hedging Strategies: XAUT options provide new hedging strategies for portfolios heavy in Bitcoin or altcoins, allowing traders to gain exposure to gold's historically lower correlation with risk assets within the crypto environment, thus enhancing portfolio diversification.
Market Demand Response: As demand for derivatives tied to real-world assets increases, Bybit's initiative not only attracts crypto traders but may also draw interest from traditional finance participants, further driving the development of digital asset infrastructure.

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Technical Analysis for XAUt

Technical Sentiment Analysis for Tether Gold (XAUt). As of , Tether Gold (XAUt) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 0 indicators are flashing buy, while 5 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for XAUt stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, XAUt is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Tether Gold (XAUt) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	3707.758	3863.879	4048.758	4204.879	4389.758	4545.879	4730.758
Fibonacci	3863.879	3994.141	4074.617	4204.879	4335.141	4415.617	4545.879

About XAUT

Tether Gold (XAU₮) is a stablecoin that provides ownership on a 1:1 basis of one fine troy ounce of gold on a physical bar of gold that meets the Good Delivery standard of the London Bullion Market Association (LBMA). This technology allows access to a stablecoin that provides ownership of physical gold while avoiding the drawbacks associated with physical gold, such as high storage cost and limited accessibility. Note: XAU₮ tokens can be fractionated up to six decimal places (i.e. in increments as small as 0.000001 troy fine ounce).

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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