Bitcoin

Ethereum

The cryptocurrency market is set to experience increased volatility today as around $1.6 billion in <a href="https://optimisus.com/news/crypto-news/bitcoin-is-trading-above-60000-as-traders-await-announcements-from-the-fomc/" rel="noopener noreferrer nofollow">Bitcoin</a> and Ethereum options expire. The Federal Reserve&#39;s recent interest rate cut has led to a rise in demand for these cryptos.Deribit estimates that over 20,000 Bitcoin options contracts worth $1.26 billion are about to expire, with a put-to-call ratio of 0.85 and a maximum pain point of $58,500.Meanwhile, 125,046 Ethereum contracts worth $330.8 million are set to expire, with a put-to-call ratio of 0.65 and a maximum pain point of $2.350.Analysts at Greeks.live identified the Federal Reserve&#39;s interest rate cut as a factor contributing to a 25% fall in implied volatility across short-term options.However, despite the rally, Bitcoin and Ethereum are currently trading at slightly lower prices, prompting traders to be cautious about the risk of short-term volatility.Currently, <a href="https://optimisus.com/news/crypto-news/bitcoin-surged-almost-6-to-above-61000/" rel="noopener noreferrer nofollow">Bitcoin</a> is trading at around $63,107, up by over 5% in the last 7 days.

Bitcoin and Ethereum brace for volatility as $1.6 billion in options expire

Optimisus

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