Bitcoin

April

Lyra

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-peak-probability-forecasted-by-crypto-exchange-lyra-finance" rel="noopener noreferrer nofollow">Bitcoin Peak Probability Forecasted by Crypto Exchange Lyra Finance</a><br></p>
<p style="text-align: justify">Lyra Finance, a prominent decentralized cryptocurrency options exchange, has projected a 20% likelihood that <a href="https://en.bitcoinhaber.net/bitcoin-analyst-planb-predicts-new-highs-faster-than-expected" rel="noopener noreferrer nofollow">Bitcoin</a> (BTC) may surpass the $70,000 mark by the end of April. The forecast follows the introduction of new options contracts on the exchange with an expiration date of April 26, which coincides with the anticipated block reward halving event in mid-April. This financial tool allows traders to place bets on the future price trajectory of Bitcoin.</p>
<h2 id="lyra-finance-forecasts-major-bitcoin-milestone-potential">Lyra Finance Forecasts Major Bitcoin Milestone Potential</h2>
<p style="text-align: justify">Nick Froster, Lyra Finance’s founder and an ex-Wall Street options trader, has inferred from market data that there’s a one-in-five chance for Bitcoin to match or exceed its highest price by April 26. This speculation arises amidst Bitcoin’s substantial 35% surge over a three-week span, ascending to $52,000, a peak not seen since late 2021.</p>
<p style="text-align: justify">Investors engaged with Lyra Finance are taking a more guarded approach to the prospect of Bitcoin breaking the $70,000 threshold by the end of April, despite the recent price rally. This caution stands in stark contrast to the general enthusiasm among crypto enthusiasts, who are hopeful for continued price increases due to US financial stimulus measures, the imminent halving of block rewards, and diminishing fears of a global economic downturn.</p>
<p style="text-align: justify">Froster notes that the April 26 options are seeing heightened activity, especially for call options at strike prices of $64,000 and $70,000, indicating an inclination among investors toward a bullish future for Bitcoin, despite reservations about reaching the all-time high by the designated date.</p>
<p style="text-align: justify">Options are financial derivatives that give the holder the right but not the obligation to buy or sell a specific asset at a set price. Pricing in the options market often represents the predictions of experienced investors, shedding light on anticipated market trends in the near future.</p>
<h2 id="lyra-finance-s-influence-on-the-cryptocurrency-options-scene">Lyra Finance’s Influence on the Cryptocurrency Options Scene</h2>
<p style="text-align: justify">Lyra Finance has carved out a significant niche in the cryptocurrency options sector, currently responsible for half of the global volume in decentralized options trade, which has recently hit a total of $32 million in a single day. With the new April 26 Bitcoin options now available, the exchange provides a platform for traders to forecast and bet on the price movements expected with the upcoming block reward halving.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/bitcoin-peak-probability-forecasted-by-crypto-exchange-lyra-finance" rel="noopener noreferrer nofollow">Bitcoin Peak Probability Forecasted by Crypto Exchange Lyra Finance</a></h5>

Bitcoin Peak Probability Forecasted by Crypto Exchange Lyra Finance

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