-
Bitcoin Tumbles As Strategy Slammed, Faces Massive $10 Billion Option Expiry
Moments after the cash market opened, bitcoin plunged almost $3,000 in a matter of seconds to $58,000, on no news, sending the price to the lowest level since Sept 2024. This was a strange move for bitcoin because while stocks do tend to move rapidly at cash open as that's when options restart trading (as we have noted, in recent months most investors are trading almost exclusively in options and avoiding the underlying securities completely), bitcoin trades within its own ecosystem that is open 24/7 and is - or rather should be - far less reliant on key stock market time triggers. Instead, the trigger for the drop ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
Real gross domestic product (GDP) increased at an annual rate of 2.1 percent in the first quarter of 2026 (January, February, and March), according to the third estimate released today by the U.S. Bureau of Economic Analysis. In the fourth quarter of 2025, real GDP increased 0.5 percent. Real GDP was revised up 0.5 percentage point from the second estimate, ...
From dailyforex.com | 9 hr ago
Bitcoin price retreated below the important support level of $60,000 for the first time since June 5 this year. The BTC/USD pair was trading at 59,828 as ETF outflows continued and as concerns about Michael Saylor’s Strategy continued. Bitcoin ETF Outflows, STRC Retreat, and US Dollar Strength The BTC/USD pair has slumped in the past few days as investors ...
From cnbc.com | 5 hr ago
Bitcoin futures tumbled Thursday to as low as $58,995, the lowest price since October 2024, bringing its drawdown from last year’s high to about 52 percent. The biggest cryptocurrency has been battling with the $60,000 level all year - first in February, where it found support, then again the first two weeks of June, before a pop to over $67,000. Options ...
