Mediaboss Marketing

Cryptocurrency markets brace for todays Bitcoin and Ethereum options expiry details

2023-05-19 00:28:48 ET

The crypto market s economic calendar has a notable event, with significant amounts of Ethereum and Bitcoin options set to expire today (19 May 2023). Moreover, the volumes are striking, and will likely affect price actions within the cryptocurrency world.

Bitcoin has approximately 29,000 options awaiting expiry today. Currently, the leading crypto has a 0.81 Put Call Ratio, whereas the maximum pain point stands near the $27.5K mark. Converting the contracts in dollars results in a substantial figure. The BTC contracts up for expiry have their value at around a staggering $780M.

Meanwhile, thats just part of the story. Ethereum also awaits similar events with a more significant figure. The second-largest crypto has 169,000 options awaiting expiry. They have a 0.96 Put Call Ratio with an approximately $1,800 maximum pain point. These contracts represent a massive $310M value.

Market participants will have to brace for these events. The crypto space will likely witness near-term volatility that will affect BTC and ETHs price actions . Remember, price movements by these leading tokens often trigger a ripple effect in the entire crypto industry, shifting the markets trajectory.

Crypto enthusiasts should prepare for possible price fluctuations. That can mean changing their trading styles. Remember, todays events might shift the cryptocurrency landscape, considering the industrys nature.

Staying informed remains the rule of the game in this dynamic industry. Traders, market watchers, and investors should remain informed about upcoming market events that could impact price movements. Thats crucial when interacting with the cryptos unpredictable nature.

The crypto market has lost yesterdays bullish steam, with most tokens sliding over the past day. Bitcoin trades at $26,847 during this writing, losing 1.84% within the last 24 hours.

Also, Ethereum dropped 1.33% in that timeframe, changing hands at $1,802 at press time. Some analysts believe Bitcoin might fall below $26K amid the ongoing price swings. Nonetheless, crypto pundits remain optimistic, forecasting impressive long-term trends for Bitcoin.

The post Cryptocurrency markets brace for todays Bitcoin and Ethereum options expiry details appeared first on Invezz .

Go here to read the rest:

Cryptocurrency markets brace for today's Bitcoin and Ethereum ... - InvestorsObserver