The holiday spirit failed to bring any stability to the crypto market, with Bitcoin seeing its price drop from $97,300 on Dec. 22 to $94,800 on Dec. 24. Christmas Day saw a slight recovery, but Bitcoin consolidated back to $98,000 as it met significant resistance above $99,000. This price volatility was accompanied by equal volatility […]
Bitcoin options OI hits $44B as futures trading cools Bitcoin options OI hits $44B as futures trading cools
Traders have pivoted to options as Bitcoin encountered resistance at $99,000.
2 min read
Updated: Dec. 25, 2024 at 12:46 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
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Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
