Bitcoin traders put eyes on $31K even as $2B in BTC options expire on Friday
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The upcoming $2 billion Bitcoin (BTC) monthly options expiry on July 28 could potentially establish $29,500 as a support level. Some argue that the recent U.S. Federal Reserve interest rate increase to 5.25% had a detrimental effect on risk-on assets like cryptocurrencies. However, Bitcoin bulls believe that the full impact of a tighter economic policy takes time to influence the markets. Bitcoin daily price movements during option expiries. Source: TradingView Looking back, the monthly expiry on June 30 did not cause significant volatility, given that Bitcoin had already experienced a 22.2% gain between June 15 and June 23. Conversely, the
Nasdaq is seeking approval from the SEC to list and trade Bitcoin index options, Reuters reported. The Nasdaq Bitcoin Index Options (XBTX) to be listed will track the CME CF Bitcoin Realtime Index. Accordingly, Nasdaq, in partnership with CF Benchmarks, has filed an application with the SEC to list and…
The leading cryptocurrency Bitcoin (BTC) fell to the level of $106,000 after breaking a new record by exceeding $111,000 last week. While this decline has made the markets nervous about the risk of further declines, the expiration date for option contracts in the crypto market has come today, as it…
A recent report has revealed an upcoming significant event that will see the expiration of a notable amount of Bitcoin (BTC) and Ethereum (ETH) options contracts. Bitcoin And Ethereum Options Contract Set To Expire Global options trading service platform Greeks.live, took to X (formerly Twitter) to share data regarding the…