Bitcoin Bounces Back: Analyst Predicts New ATH After $2.5 Billion Options Expiry
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Bitcoin experienced its largest price drop of the year on Monday, falling 30% amidst a global market downturn. The decline was triggered by economic policy changes in Japan, leading to a market sell-off and significant losses across various assets.
Despite this significant drop, Bitcoin has sharply recovered and gained the attention of market analysts. A prominent analyst predicts that Bitcoin is set to achieve a new all-time high (ATH) following the expiry of $2.5 billion in options.
The rapid recovery in Bitcoin’s price has been fueled by renewed investor interest and positive market sentiment. The upcoming expiry of options is expected to provide further momentum for Bitcoin to establish a new ATH.
Market participants are closely watching Bitcoin’s performance, anticipating that it could reach unprecedented levels in the coming weeks. The cryptocurrency's resilience has once again demonstrated its strong potential despite economic challenges.
Source: coinpedia.org ↗
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