Bitcoin continued to fall, trading near $47,000 on Wednesday, after a sharp drop by more than 6% a day ago. MuyaoShen reports.
A total of 124,700 option contracts worth nearly $6 billion are set to expire on Friday, according to data provided by Skew. Options are hedging instruments that give the purchaser the right but not the obligation to buy the underlying asset at a predetermined price on or before a specific date.
Algorand Foundation announced a liquidity incentive program with Algorand’s first algorithmic money market and stablecoin protocol Algofi.One big investment firm pocketed big profits by selling bitcoin near the market top in April before the price tumbled.Hello, Market Wrap readers! During the final two weeks of 2021, we’re using this space to recap this year’s most dramatic moments in cryptocurrency markets – and highlight the key lessons from this fast-evolving corner of global finance.
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