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...
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