Bitcoin’s cost was ranging between $46,000 and $48,000 during the end of the week, later “crypto witching day” ended Friday with the lapse of generally $8.67 billion worth of bitcoin and ether choices contracts. Bitcoin, the most established digital money, experienced a little value recuperation to as high as about $47,961.0 on Saturday, before it fell into red again on Sunday, in view of information from TradingView. However, its general spot exchanging volume across major incorporated trades declined toward the end of the week, implying that the value move was not upheld by strong market activities.
Meanwhile, harmony (ONE) and chainlink (LINK) were the biggest winners among alternative cryptocurrencies (altcoins) on Sunday, at the time of writing. Harmony is the native token of smart contract platform Harmony and LINK is an ERC-20 token for decentralized oracle network Chainlink.
On Friday, about 115,000 bitcoin options and roughly 882,000 ether options contracts, worth a total notional value of $8.67 billion, expired, according to Cayman Islands-based crypto financial services firm Blofin. After the settlement was completed, bitcoin’s price briefly went up sharply to above $48,000 on some exchanges, crypto trading data platform aICoin tweeted on Dec. 31.
News Summary:
- After ‘Crypto Witching Day’, Bitcoin Rises $ 46K- $ 48K Weekend Tide
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