Bitcoin, Ethereum, Dogecoin Trading Flat: 'Friday Is A Big Day For Bitcoin—Options Expiry Could Lead To Upside Volatility'
Portfolio Pulse from Khyathi Dalal
Cryptocurrency markets are trading sideways with Bitcoin, Ethereum, and Dogecoin showing minimal price changes. BlackRock leads U.S. Spot Bitcoin ETF net inflows. Bitcoin's options expiry on Friday could lead to upside volatility. Notable developments include BNY Mellon's SEC exemption and Bitcoin whales selling significant amounts.
September 25, 2024 | 7:08 pm
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NEUTRAL IMPACT
Dogecoin is trading flat with minimal price change, likely influenced by the broader crypto market's sideways movement.
Dogecoin's price stability is in line with the overall crypto market's sideways trading, with no specific events impacting DOGE directly.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 30
NEUTRAL IMPACT
Ethereum is trading flat alongside Bitcoin, with potential market movements influenced by Bitcoin's options expiry and institutional interest in crypto ETFs.
Ethereum's price is likely to be influenced by Bitcoin's market movements and institutional interest in crypto ETFs, though no direct events are affecting ETH.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Bitcoin is trading flat with a significant options expiry on Friday, which could lead to upside volatility. BlackRock's ETF inflows are notable, and Bitcoin whales have sold over 20,000 BTC recently.
Bitcoin's options expiry could lead to price volatility, and BlackRock's ETF inflows suggest institutional interest. However, whale selling could apply downward pressure.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100