Its_mustak_47

A Record $11B Crypto Options Expiry Looms as BTC Shows Little Volatility
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∆ The expiry is Deribit's largest so far and a record of almost $5 billion of options will expire in the money. ∆
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∆ On Friday, $7.7 billion worth of options tied to bitcoin and $3.5 billion of options linked to ether [ETH] will expire on Deribit..∆
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∆..Bitcoin, ether options worth over $11 billion will expire on Deribit on Friday.
Both cryptocurrencies are trading well above their "max pain points."
The market is unlikely to see major volatility ahead of the expiry, one observer said.∆
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∆ Bitcoin (BTC) remains well supported, holding above $40,000 as the clock ticks down to 2023's last quarterly options expiry.

On Friday at 08:00 UTC, a staggering $7.7 billion worth of options tied to bitcoin (BTC) and $3.5 billion of options linked to ether (ETH) will expire on the crypto exchange Deribit.

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∆"The total of over $11 billion marks Deribit's largest expiry thus far, of which almost $5 billion will expire in the money, the largest amount ever as well, potentially resulting in above average hedging and trading activity," Luuk Strijers, the exchange's chief commercial officer, told CoinDesk.
Options are derivative contracts offering the purchaser the right, but not the obligation, to buy or sell the underlying asset at a predetermined "strike" price at a later date, the expiry date. A call offers the right to buy; a put confers the right to sell. On Deribit, one options contract represents one BTC or one ETH. An in-the-money call option is one with a strike price lower than the market rate. For a put, an in-the money strike price is higher than the going rate.
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∆This quarter's 60% upswing in the bitcoin price and ether's 43% gain have investors scrambling to add upside exposure through calls. That explains the record notional open interest for in-the-money call options.
#NFP #BTC #Launchpool #ARB #ETH
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✨✨✨✨✨✨💯💯💯💯💯✅✅✅🌌✨🥀

Max Keiser Points to BTC Price Growth Estimate, Justin Sun Withdraws $13.8 Million ETH From Binance, Elon Musk's Post Sparks SHIB, XRP Armies' #BTC #ETH! #Elon.Musk's #MaxKeiser #Justin.Sun

Bitcoin's price has plunged amid rising tensions in the Middle East - what comes next?
The world’s largest cryptocurrency, bitcoin, has seen a major correction this week, seeing its price plunge dramatically – dipping from almost $66,000 recently to $62,000 on Tuesday afternoon.

Tensions in the Middle East were a major factor in bitcoin's price drop, with Iran’s missile attack on Israel shaking markets. As violence continues unabated in the Middle East, bitcoin is expected to see further downward pressure. As the attack escalated, other cryptocurrencies were also impacted. The world's second-largest cryptocurrency, ethereum, for example, also plummeted by 6.3%. It currently sits at a price of $2,456, according to CoinMarketCap.

Will crypto recover 2024 ?
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The outlook for 2024 appears cautiously optimistic. Analysts expect a continued rise in institutional investment, with Bitcoin and Ethereum ETFs expected. The shift towards Web 3 applications and the growth in Layer 2 solutions, especially for Ethereum, are seen as positive developments.
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#NFP #BTC #ETH! #Welcome2024 #Web3HomeAutomation
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👍👍👍✅✅✅💯💯💯

What is crypto doing today?
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The total volume in DeFi is currently $9.12B, 11.98% of the total crypto market 24-hour volume. The volume of all stable coins is now $67.8B, which is 89.12% of the total crypto market 24-hour volume. Bitcoin's dominance is currently 50.45%, a decrease of 0.12% over the day.
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#NFP #BTC #sol #Cryptocurrrency #cryptoahmet