End of day update
• Bitcoin is trading near ~$87,800 after a slight bounce today (~+1% in 24 hours).
• Ethereum also increased ~3.4% to ~$2,938, reflecting attempts to recover amid macro volatility.
Volatility ahead
• BTC & ETH options worth ~$3.16 billion are about to expire, creating significant risk/volatility force before the holiday — this could be an important catalyst in the short term.
Market sentiment
• The market remains in a sideways range, many traders are cautious and there has not been a strong breakout momentum.
• The narrative at this time focuses on AI-related coins & security — this group is seeing slight volume increases while high Beta assets remain weak.
Broader ecosystem
• Coinbase expands services: adding stock trading + prediction markets, creating more opportunities for diversification outside of core crypto.
• Latest news in the international community: interest rate strategy & CPI continue to pull macro capital affecting crypto in the short term.
