#TradingCommunity $BTC
Breaking News
๐ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฉ๐ผ๐น๐ฎ๐๐ถ๐น๐ถ๐๐ & ๐ข๐ฝ๐๐ถ๐ผ๐ป๐ ๐๐ ๐ฝ๐ถ๐ฟ๐:
The cryptocurrency market is in the midst of high volatility because today there have been expirations of a major options contracts:
โข 23,000 Bitcoin options of worth $1.97 billion.
โข177,000 Ethereum options of $280 million value.
These will likely cause some massive price shifts in the marketplace.
๐ ๐๐ถ๐๐ฐ๐ผ๐ถ๐ป ๐๐ผ๐น๐ฑ๐ ๐ฆ๐๐ฒ๐ฎ๐ฑ๐ ๐๐บ๐ถ๐ฑ ๐๐๐ฏ๐ถ๐ผ๐๐ ๐๐ป๐ฑ๐ถ๐ฐ๐ฎ๐๐ถ๐ผ๐ป๐:
โข Bitcoin (BTC) is trading in the vicinity of $84,000, riding high in its position in an upward channel.
โข Even amidst this strength, analyst Peter Schiff foresees a possible quick drop, giving reasons of abating momentum as well as fat resistance levels.
๐ ๐๐น๐๐ฐ๐ผ๐ถ๐ป ๐ฃ๐ฟ๐ถ๐ฐ๐ฒ ๐๐ฐ๐๐ถ๐ผ๐ป๐:
โข XRP has jumped more than 300% against Bitcoin during the last half-year, aided by Ripple acquisitions and positive regulatory news.
โข A technical analyst foresees that XRP may have the potential to go above $50, citing its bullish trend.
โข Ethereum (ETH) is trading slightly below $1,600, after the total net assets of US spot Ether ETFs dropped by 60%.
๐จ๐ณ ๐๐น๐ผ๐ฏ๐ฎ๐น ๐๐ฐ๐ผ๐ป๐ผ๐บ๐ถ๐ฐ ๐๐ฎ๐ฐ๐๐ผ๐ฟ๐:
The People's Bank of China injected 250.5 billion yuan into the economy, resulting in a boost in cryptocurrency prices:
โข Bitcoin went up from $67,500 to $69,200.
โข Ethereum went up from $3,200 to $3,300.
Investors are responding positively to the higher liquidity, opting for higher returns in risky assets such as crypto.
