
Nearly $3 Billion of Bitcoin and Ethereum Options Set to Expire Today
While the expiration of the 375,000 BTC and ETH options, with a combined valuation of close to $3 million, may influence market dynamics, the overall impact is uncertain.
1H
-0.13%$0.0230
24H
-0.38%$0.0674
7D
-2.16%$0.3903
30D
-15.9%$3.34
While the expiration of the 375,000 BTC and ETH options, with a combined valuation of close to $3 million, may influence market dynamics, the overall impact is uncertain.
The surge in options trading at prices exceeding $65,000 on Deribit reflects the growing confidence among traders in Bitcoin’s potential for further gains.
Bakkt added support for Dogecoin (DOGE), Bitcoin Cash (BCH), Ethereum Classic (ETC), Litecoin (LTC), Shiba Inu (SHIB), and USD Coin (USDC), giving traders more options to invest in.
The tool will use analytical dashboards to identify transaction errors, wallet address balances and digital signatures.
This move is part of Google Cloud’s ongoing collaboration with the blockchain community to democratize blockchain data and make it accessible to developers.
Ethereum Classic is a hard fork of Ethereum that launched in July 2016. Its main function is as a smart contract network, with the ability to host and support decentralized applications (DApps). Its native token is ETC.
Since its launch, Ethereum Classic has sought to differentiate itself from Ethereum, with the two networks’ technical roadmap diverging further and further from each other with time.
Ethereum Classic first set out to preserve the integrity of the existing Ethereum blockchain after a major hacking event led to the theft of 3.6 million ETH.
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