Bitcoin $66,510 amid $14 billion options expiration, Trump Iran warning
Bitcoin is hovering around $66,510 this Friday, feeling the heat from a massive $14 billion options expiration and rising global tensions after President Trump's warning to Iran.
All this has made crypto markets a bit shaky, but the overall structure still looks solid.
Avinash Shekhar of Pi42 said the options market could draw Bitcoin toward the $75,000 zone once current volatility subsides.
Bitcoin and Ethereum drop about 4%
In the last 24 hours, Bitcoin and Ethereum both dropped by about 4%, BNB and Solana were among major altcoins that slipped by as much as 8.02%.
Still, Bitcoin has managed to stay within the $50,000 to $70,000 range for nearly 50 days, a sign of strong support.
Vikram Subburaj, CEO of Giottus, recommends waiting for a stronger move above $70,000-$72,000 before increasing exposure.