The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Bitcoin faced pressure to maintain the $62,000 support level ahead of a $1.4 billion options expiry on the Deribit exchange, coinciding with rising US 10-year Treasury yields. By July 17, Bitcoin and Ethereum options contracts totaling $1.43 billion expired. At the time of expiry, Bitcoin's price held near $63,000, while Ethereum experienced an increase in demand for put options.