Market Wrap: Bitcoin in Recovery Mode Ahead of Options Expiry
Bitcoin is recovering from a volatile shakeout. Options expiry has large open interest around $40K.
Users can now open USDC positions and stake CVI USDC through the index.
Buyers are snapping at bitcoin whenever it dips to $30,000, but the cryptocurrency’s price response to faster inflation readings is puzzling Wall Street analysts.
Bitcoin pulled back as traders digest regulatory developments in the U.S.
Several other risks in the crypto markets were identified by the union's members including shallow liquidity and a lack of legal parameters.
The outperformance came despite a negative month for the leading cryptocurrency by market cap.