A record-breaking $18 billion in Bitcoin and Ethereum options expire today, sparking anticipation of sharp market moves and potential volatility. Today marks a historic moment for the cryptocurrency market, with $18 billion worth of Bitcoin and Ethereum options contracts set to expire, the largest expiry ever recorded. This development could lead to unexpected volatility and significant opportunities for traders and investors.
Bitcoin (BTC) price hovers around $97,000 on Friday, erasing most of the gains from earlier this week, as the largest cryptocurrency missed the so-called Santa Claus rally, the increase in prices prior to and immediately following Christmas Day. BTC’s on-chain metrics offer hope for recovery as they show increased buying pressure on centralized exchange platforms.Experts consider capital inflow to Bitcoin spot Exchange Traded Funds (ETFs) a key driver of the token’s 2024 price rally. Institutional investors' interest in Bitcoin returned on Thursday after days of net outflows from ETFs. Crypto.com launches a US trust company to offer digital asset custody services, marking a major step in its North American expansion strategy. Crypto.com has announced the establishment of a new US-based trust company to offer custody services for digital assets. This development marks an important milestone in the company’s expansion within North America, particularly targeting high-net-worth individuals and institutional clients in the United States and Canada
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Source: CoinDesk - 🏆 291. / 63 Read more »