Massive options expiration today About US$ 2.8–3 billion in BTC and ETH options expire today (Deribit). BTC dominates (~US$ 2.4B), with max pain at ~US$ 92k (the price at which most contracts expire worthless). This may increase short volatility, but traders see it as a test of strength of the recent breakout.
October is often seen as a promising month for the cryptocurrency market, with a history of significant recoveries after periods of volatility. Many analysts believe that, with the growing institutional adoption and increasing interest in digital assets, we can expect an upward trend in major cryptocurrencies.
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SHIB INU PAYMENTS IN 25 COUNTRIES... Mass adoption expected...??
as Reported by Bitcoinist, Shiba Inu payments are poised to gain prominence in about 25 different countries around the globe following the partnership of two leading financial service companies, Apcopay, and CoinPayments.
CoinPayments, a cryptocurrency payment gateway, officially announced its partnership with Apcopay, an end-to-end global payment platform. Specifically, Apcopay has integrated CoinPayments into its payment operations, enabling clients to utilize the crypto payments platform to conduct financial transactions using an extensive portfolio of cryptocurrencies.
Although CoinPayments supports over 2,300 cryptocurrency assets, the crypto platform has made only 175 tokens available for payment purposes. Among the select number of tokens, doggy-themed meme coin, Shiba Inu (SHIB) stands out as one of the major cryptocurrencies, CoinPayments clients can use to make payments around the world.
Through the integration of CoinPayments into Apcopay, users of both payment services will have complete access to Shiba Inu payments, effectively facilitating global adoption for the cryptocurrency....
In the last event in 2020, the price of BTC jumped 2.7 times before and 7.8 times after the move. And the expectation is that, by the 2024 halving, BTC will jump 2.3 times, and then multiply by 4.2 times after the movement. Apparently, this has already started to happen, given that BTC accumulates a return of 158% in 2023