Bears have a $100M reason to keep Bitcoin price under $45K until Friday’s options expiry

2022.04.08 01:20

Bears have a $100M reason to keep Bitcoin price under $45K until Friday’s options expiry

Some analysts argue that Bitcoin (BTC) rallied too fast and too soon and the weakness that we see on April 7 is a result of that. Currently, a new COVID-19 variant has caused the Chinese government to implement severe restrictions on Shanghai and other major cities and persistent regulatory concerns continue to weigh down th sentiment within the crypto sector.

Another concerning development is the March 31 European Parliament’s Committee on Economic and Monetary Affairs (ECON) vote to update the regulations in regards to the ability of exchange platforms to deal with noncustodial crypto wallets.

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