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Market Wrap: Bitcoin Hits $57K After $4.2B Options Expirations; Ether Steadies at $2.7K
The derivatives market likely played a role in pushing bitcoin (BTC, +5.32%)‘s spot market price to a level not seen in almost two weeks. Meanwhile, the ether (ETH, +1.81%) market seems to be decoupling from bitcoin, for now.
Bitcoin (BTC) trading around $56,996 as of 21:00 UTC (4 p.m. ET). Gaining 7.5% over the previous 24 hours.
Bitcoin’s 24-hour range: $52,604-$57,219 (CoinDesk 20)
BTC above the 10-hour and the 50-hour moving averages on the hourly chart, a bullish signal for market technicians.
...
https://www.coindesk.com/market-wrap-bit...r-steadies
The derivatives market likely played a role in pushing bitcoin (BTC, +5.32%)‘s spot market price to a level not seen in almost two weeks. Meanwhile, the ether (ETH, +1.81%) market seems to be decoupling from bitcoin, for now.
Bitcoin (BTC) trading around $56,996 as of 21:00 UTC (4 p.m. ET). Gaining 7.5% over the previous 24 hours.
Bitcoin’s 24-hour range: $52,604-$57,219 (CoinDesk 20)
BTC above the 10-hour and the 50-hour moving averages on the hourly chart, a bullish signal for market technicians.
...
https://www.coindesk.com/market-wrap-bit...r-steadies
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