Cryptocurrency markets: an exciting journey! 🎢
This week, the cryptocurrency markets saw a huge surge in Ethereum and the US Securities and Exchange Commission (SEC) approval of spot trading funds. 📈
Bitcoin options:
$1.4 billion worth of Bitcoin options expired on May 24, and $4.3 billion expired on May 31. 💥
The call/put ratio is 0.88, and bulls control open interest at $70,000 and $100,000 prices. 🐂
Ethereum:
354,000 Ethereum contracts worth $1.5 billion expired today, with longs outperforming. 🙌
Open interest at $4,000 is valued at $515 million.
Market impact:
$3 billion worth of BTC and ETH options expire today, with limited impact on spot markets.
Market capitalization decreased by 1.3% to $2.68 trillion.
Follow for more digital currency adventures! 🌌🔍🌟
