Cryptocurrency News

$1.26B in Ethereum options expire on Friday and bulls are ready to push ETH price higher

07/29/2022

Less than a minute

2022.07.29 16:33

$1.26B in Ethereum options expire on Friday and bulls are ready to push ETH price higher

Ether’s (ETH) 53% rally between July 13 and 18 gave bulls an edge in July’s $1.26 billion monthly options expiry. The move happened as Ethereum developers set a tentative date for the “Merge,” a transition out of the burdensome proof-of-work (PoW) mining mechanism.

According to some analysts, by removing the additional ETH issuing used to finance the energy cost required on traditional mining consensus, Ether could finally achieve the “ultra-sound money” status.

07/29/2022

Less than a minute

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