๐ Crypto Update: Bitcoin's Festive Choppiness ๐
- Traders are bracing for a bumpy ride as a major options expiry looms this Friday, with $20B in BTC and ETH options set to expire. This could shake up market dynamics, especially if Bitcoin continues its current range.
- Altcoins might see a resurgence, echoing last month's trend when Bitcoin struggled below $100k. The crypto market often sees Bitcoin lead, followed by altcoin rallies.
- Bitcoin's December dip, down 2% over 30 days, has dampened hopes for a "Santa rally." The Fed's cautious stance adds to the mix, hinting at fewer rate cuts next year.
๐ฌ What are your thoughts on the potential altcoin surge? Share below!