Cryptocurrency News

Bitcoin bulls need to reclaim $41K ahead of Friday’s $615M BTC options expiry

04/15/2022

Less than a minute

2022.04.15 00:21

Bitcoin bulls need to reclaim $41K ahead of Friday’s $615M BTC options expiry

Over the past three months, Bitcoin‘s (BTC) daily closing price fluctuated between $35,050 and $47,550, which is a 35.7% range. Although it might seem excessive, this is not unusual, especially considering BTC’s 68% historical annualized volatility.

The relief rally that came after the April 11 dip below $40,000 followed the U.S. Consumer Price Index (CPI) report that announced 8.5% for March, the highest since 1981. Meanwhile, in the United Kingdom, the CPI jumped to 7%, a 30-year high.

04/15/2022

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