Bitcoin Is Braced For A $1 Billion Earthquake This Week – Forbes

Bitcoin Is Braced For A $1 Billion Earthquake This Week - Forbes
Facebook
Google+
Twitter
LinkedIn

Bitcoin’s early 2020 rally has come to an abrupt halt, with the price failing to hold above $10,000 per bitcoin.

The bitcoin price, up around 30% so far this year, has been treading water at around $9,400 since it briefly moved above $10,000 earlier this month.

Now, bitcoin traders and investors are braced for more than 100,000 bitcoin options totaling $930 million to expire on June 26—nearly 70% of bitcoin’s entire open interest.

MORE FROM FORBESChina Is Challenging Dollar Dominance At The Worst Possible Time For Donald Trump

Bitcoin’s looming options expiry could spark a bout of price volatility, with previous large expiries causing the market to “Source…

Subscribe to our Newsletter

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.
Share on facebook
Share on google
Share on twitter
Share on linkedin