Bitcoin, Ethereum Take A Breather While Dogecoin Spike Pushes Crypto Market Cap Above $2.6 Trillion — Analyst Sees BTC Hitting $80K Before Next Halving
Major cryptocurrencies traded mixed on Wednesday evening as Bitcoin's momentum slowed and it experienced a small price correction.
Cryptocurrency
Gains +/-
Price (Recorded 12:00 a.m. EDT)
Bitcoin (CRYPTO: BTC)
-1.94%
$69,229
Ethereum (CRYPTO: ETH)
-3.64%
$3,486
Dogecoin (CRYPTO: DOGE)
+5.87%
$0.19
What Happened: Over $9.4 billion worth of Bitcoin options are scheduled to expire on the Deribit cryptocurrency exchange on March 29. This indicates a potential maximum pain price of $50,000, according to data shared by Unfolded in a March 27 X post.
The max pain price is the strike price with the most open Bitcoin options...