Bitcoin Options: 37000 Contracts Expiring on August 2 Amid BTC Volatility
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The Bitcoin (BTC) price recently experienced selling pressure after the US Federal Reserve meeting, where it was decided to keep interest rates unchanged at 5.25%. This has resulted in significant volatility, with BTC now fluctuating around $64,000. Markets are keenly watching the expiry of 37,000 Bitcoin options contracts today, which could further impact the price dynamics.
This expiry is significant due to the large number of contracts and the potential implications on Bitcoin's price movements and market sentiment. The outcome of this event is highly anticipated by traders and investors.
The combination of the Fed's interest rate decision and the large number of contracts expiring adds to the current uncertainty and volatility observed in the Bitcoin market.
Source: coingape.com ↗
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