840 aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDQvMzE4YTkwZGYtYWFjZi00ZTBiLWE2MmYtNDYxNDRhZjRlMGU4LmpwZw suzpmz

Bitcoin bulls need to reclaim $41K ahead of Friday’s $615M BTC options expiry

BTC staged a small relief rally, but securing $41,000 is the key to determining whether or not the current sell-off has ended.
Over the past three months, Bitcoin’s (BTC) daily closing price fluctuated between $35,050 and $47,550, which is a 35.7% range. Although it might seem excessive, this is not unusual, especially considering BTC’s 68% historical annualized volatility. Bitcoin/USD 1-day chart at Coinbase. Source: TradingViewThe relief rally that came after the April 11 dip below $40,000 followed the U.S. Consumer Price Index (CPI) report that announced 8.5% for March, the highest since 1981. Meanwhile, in the United Kingdom, the CPI jumped to 7%, a 30-year high.For these reasons, cryptocurrency traders are increasingly concerned about the ability of the U.S. Federal Reserve rate hikes expected throughout 2022 to contain inflationary pressure. If the global economies enter a recession, investors will likely move away

Czytaj więcej

We współpracy z: https://cointelegraph.com/news/bitcoin-bulls-need-to-reclaim-41k-ahead-of-friday-s-615m-btc-options-expiry

Total
0
Shares
Dodaj komentarz

Podobne Wpisy