If institutional demand for BTC declines, Bitcoin may be at risk of a prolonged corrective phase in the medium term. Altcoins are also treading in Bitcoin’s footsteps, only selected tokens such as Chainlink and Tezos are posting double-digit gains.
BTC/USD Daily Chart
Two Key Events Crypto Investors Should Watch Out For
Options contracts allow holders to buy or sell Bitcoin at a specific price, which is known as the strike price. The expiration date for Bitcoin options contracts is widely regarded as a volatile event because as the expiration date approaches, holders adjust their contracts. Traders who make a profit may also decide to receive a payout and dump the digital asset.
BTC options expiry dates. Courtesy: Skew
Verge (XVG) traded at $0.001240 as of press time.