Tag: 87K

Turbulent Crypto Markets Expected – 87K Worth of Bitcoin Options Set to Expire on Friday

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Markets are expected to be volatile this week, as a great number of bitcoin and ethereum options are set to expire this Friday. Data shows more than 87,000 bitcoin options will expire and 77% of the action is held on the Deribit exchange. U.S. stocks dropped hard on Monday, as the Dow Jones Industrial Average dropped more than 700 points during the stock market’s afternoon trading sessions. Meanwhile, bitcoin (BTC) took a hit on spot markets dropping over 4% in value. A number of other cryptocurrencies like ethereum (ETH -8%)…

Market Wrap: May Opens With Equities Lower While Bitcoin Steady at $8.7K

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While traditional markets started the new month with a sell-off, bitcoin is holding its own.  Bitcoin (BTC) was trading up 1.2% over 24 hours at $8,728, with 10-day and 50-day technical indicator moving averages continuing to signal sideways sentiment Friday. A slight price rally to $9,000 took place at around 12:00 UTC (9 a.m. EDT), though it later pulled back to $8,700 territory at press time. Bitcoin trading on Coinbase since April 29Source: TradingView The first trading day in May saw Japan’s Nikkei 225 index closing in the red 2.8%.…