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Home›Crypto›Market Structure›Bitcoin reverses early gains as Deribit options set to…

Bitcoin reverses early gains as Deribit options set to expire

Reported · Written up by our desk · Market Structure

Bitcoin reversed early gains as traders looked ahead to a large options expiry, according to CoinDesk.

The outlet said roughly $14 billion worth of bitcoin options are set to expire on Deribit on Friday.

CoinDesk also linked the move to softer macro conditions, noting that U.S. Treasury yields eased from multi-decade highs and oil fell on reports of a phased U.S.-Iran deal.

Latest closeBitcoin $83,939.68 ▼0.5%

← Newer storyBitcoin holds below $85,000 as bond selloff pauses

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Sources

CoinDeskLive updates: Bitcoin reverses early gains; Saylor's Strategy moves toward daily dividends

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