Bitcoin Price Could Crash To $58,000 as $2.35B Options Expire
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Bitcoin has experienced three consecutive days of declines. This downturn followed an impressive surge to $70,000, which was fueled by former US President Donald Trump's impactful speech at the 2024 Bitcoin Conference.
There are apprehensions that the price could further fall to $58,000 due to the impending expiration of $2.35 billion in options.
Additionally, Bitcoin’s price did not react to the Federal Reserve's dovish stance announced on Wednesday, which may contribute to the overall market sentiment.
Source: coingape.com ↗
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