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
0.19%$0.0348
24H
-0.99%$0.1837
7D
4.41%$0.7759
30D
-3.96%$0.7574
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.
In the quest for promising crypto investments, discerning eyes turn towards emerging stars like BlockDAG amidst traditional giants like Litecoin (LTC) and Ethereum Classic.
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.
Let’s inspect why investors keep a close eye on the VC Spectra (SPCT) public presale while BNB and Ethereum Classic (ETC) face turmoil.
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.
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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