Bitcoin showed signs of stabilization this week, rising over 1% to approach $90,000, despite remaining 30% below its all-time high. The market faces a critical test with $2.7 billion in Bitcoin and Ethereum options contracts set to expire on Friday, which could influence market sentiment. Meanwhile, the fear and greed index indicates mixed signals as traders focus on upcoming U.S. economic data and the options market for guidance. In other developments, Uniswap's UNI token received backing in a vote to enable protocol fee switching, potentially impacting its future operations.
Bitcoin Stabilizes as $2.7 Billion in Options Set to Expire
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
