BTC and ETH Options Expiry Spurs Major Bullish Rally
- Bitcoin surged 20% to trade above $61,000, while Ethereum jumped 10.70% to $2,700 ahead of major options expiry.
- 32,000 BTC options contracts worth $1.943 billion and 206,000 ETH options worth $560 million are set to expire.
- Bitcoin’s implied volatility remains high post-Yen rate hike, while Ethereum shows potential for a further 4% rise.
Grayscale Research suggests that if the US economy avoids recession, Bitcoin could test its all-time high by year-end. This underscores the pivotal role of macroeconomic factors in driving cryptocurrency prices.
As the market navigates this volatility, investors should keep an eye on economic indicators and central bank policies, which could significantly influence future crypto trends.
