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Bitcoin reverses early gains as Deribit options set to expire
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.
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