• Date: Apr 1, 2024 • Today’s Update: BTC $69,699.78 • ET | Bitcoin & Crypto Trading

• Date: Apr 1, 2024
• Today’s Update: BTC $69,699.78 • ETH $3,548.21 • FGI 79 (Extreme Greed)
• Bitcoin Halving: The upcoming Bitcoin halving event keeps options volatility high.
• Market Movement: Bitcoin and Ether started the week fairly flat, with major financial centers closed for Easter.
• Bitcoin Stability: Bitcoin is trading around $69,699.78, while Ether is around $3,548.21.
• Volatility: Bitcoin’s volatility rose to nearly 60%, surpassing Ether’s by about 10 percentage points.
• Spot ETF Inflows: Positive inflow on Bitcoin ETFs, with $243.5 million on March 27 and continued inflow on March 28.
• Halving Impact: The Bitcoin blockchain’s upcoming reward halving is expected to increase volatility.
• Bullish Positioning: Traders are bullish ahead of the halving, but there’s potential for a “sell-the-news” pullback.
• Options Market: Bitcoin’s options market is pricing in the halving event, with a steep implied volatility contango before April 26.

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