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BTC PLUMMETS TO $81,400 AS ASIAN CHIP STOCKS CRASH, OPTIONS TRADERS BAIL
• Bitcoin price drops to $81,400, a 5% decline from yesterday's close, amidst a broader market sell-off.
• Asian chip stocks, including Samsung and SK Hynix, plummeted by up to 10%, contributing to the decline in BTC price.
• Options traders are seeking downside protection, with the CBOE's Bitcoin Volatility Index (BVOL) surging by 15% in the past 24 hours.
• The sudden drop in BTC price has sparked concerns among investors, with some analysts warning of a potential pullback in the coming weeks.
• As of recent reports, Bitcoin's market capitalization has slipped to around $1.5 trillion, a decline of $100 billion in the past 24 hours.
Drop your target below 👇
📡 Via CoinDesk
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#crypto #newsdaily #news #BREAKING #BTC $BTC $ETH
BTC PLUMMETS TO $81,400 AS ASIAN CHIP STOCKS CRASH, OPTIONS TRADERS BAIL
• Bitcoin price drops to $81,400, a 5% decline from yesterday's close, amidst a broader market sell-off.
• Asian chip stocks, including Samsung and SK Hynix, plummeted by up to 10%, contributing to the decline in BTC price.
• Options traders are seeking downside protection, with the CBOE's Bitcoin Volatility Index (BVOL) surging by 15% in the past 24 hours.
• The sudden drop in BTC price has sparked concerns among investors, with some analysts warning of a potential pullback in the coming weeks.
• As of recent reports, Bitcoin's market capitalization has slipped to around $1.5 trillion, a decline of $100 billion in the past 24 hours.
Drop your target below 👇
📡 Via CoinDesk
👍 Like and follow for more informative content like this!
#crypto #newsdaily #news #BREAKING #BTC $BTC $ETH