đ Crypto Update: Bitcoin's Volatility Continues! đ
- Bitcoin (BTC) dipped below $92,000 due to profit-taking, despite MicroStrategy's big buy. It rebounded slightly to $92,800 by Tuesday morning in Asia.
- Traders foresee steady prices until February, post-U.S. presidential transition. Options suggest optimism for March, with more calls than puts being bought.
- BTC ends December down 4%, its worst since 2021, amid a 117% yearly surge. U.S. economic data adds market pressure.
- Major cryptos like ETH, XRP, and ADA saw declines before recovering, while DOGE and SHIB fell 5%.
- ETFs saw $420M in outflows, indicating cautious investor sentiment.
đŹ Share your thoughts in the comments! What's your take on BTC's future?
