Friday | Crypto

Wall Street's fear gauge, the VIX index, spiked on Friday as stocks dropped. History says Friday panics usually fade on Monday. Seasonality and calm bitcoin suggest the same.

Bitcoin options carrying roughly $16 billion in notional value expire on Deribit at 08:00 UTC on Friday, Sept. 25. Calls account for about $9.6 billion of that open interest and puts for about $6.4 billion. Bitcoin trades near $86,300 heading into the settlement, after climbing above $85,000 this week. Two US economic releases and the […] The post Bitcoin faces $16 billion options expiry Friday, then two more tests hit the rally appeared first on CryptoSlate.

BTC rose across three venues after Deribit settled at 08:00 UTC, then finished below its starting level by 10:00. The post Bitcoin’s $2.24 billion Friday options expiry teased a reversal then fell to $76k again appeared first on CryptoSlate.

Bitcoin is holding above $78,000 as Brent crude breached $100 and rising Treasury yields revived inflation fears. Data from CryptoSlate showed the flagship cryptocurrency trading around $78,451 at press time, with little sign of the pressure spreading across bond and energy markets after an escalation in the Middle East pushed Brent above the threshold for […] The post Bitcoin traders bet borrowed money on a rally as oil surges ahead of Friday’s inflation test appeared first on CryptoSlate.

Brent touched $99.46 after reported Saudi energy disruptions, while Friday's CPI measures August prices. The post Fed inflation trap threatens Bitcoin below $80k as $100 oil blindsides Friday’s CPI report appeared first on CryptoSlate.

Deribit’s expiry concentrates reported call exposure at $75,000 and $80,000, where dealer hedging can pin or amplify a move. The post Bitcoin is trapped between $75,000 and $80,000 ahead of a massive Friday derivatives settlement appeared first on CryptoSlate.

Friday’s expiry follows bitcoin’s surge from $62,000 to $80,000, leaving market makers with increased exposure to manage around several key strike prices.

The Commission is considering a proposal, not a live exemption, and eligibility and resale rules remain undisclosed. The post Friday’s SEC vote could unlock $75 million crypto raises – or trap token issuers in unexpected legal fine print appeared first on CryptoSlate.

Bitcoin and jobs data are on a collision course this week, with the price pinned between $62,200 and $65,000 after the first economic release worked against the bulls. The ISM Manufacturing PMI printed 55.6 on Aug. 3, beating the 54.0 consensus and rising from June's 53.3 to its highest reading since May 2022. New orders […] The post Bitcoin must clear $65,000 before Friday, or jobs data could turn $62,000 into a trapdoor to $60,000 appeared first on CryptoSlate.

The CLARITY Act enters the Senate's final scheduled week before the August recess. Monday's floor schedule opens with H.R. 6500, a government funding vehicle, and CLARITY has yet to appear on the schedule. Negotiators are still working through disputes over government ethics and stablecoin rewards, and prediction markets price the odds of the bill becoming […] The post Five days, a 30% chance, and a battle over Trump’s crypto profits: Inside the Senate’s scramble to pass CLARITY Act before Friday appeared first on CryptoSlate.

Creditors who cleared June 16 requirements should be paid within three business days; allowed claim holders still awaiting provider onboarding may forfeit distribution rights. The post FTX’s $900M payout drops Friday, triggering 6-month countdown for creditors to onboard or forfeit funds entirely appeared first on CryptoSlate.

Analysis warned of a repeat of the 2024 yen carry-trade unwind that pressured crypto markets ahead of the next Bank of Japan interest-rate meeting. Japan’s central bank is in focus this week as its next interest-rate meeting comes amid new 40-year yen lows against the US dollar. Key points:  Data from TradingView showed USD/JPY approaching 164 on Tuesday, just a fraction below new 40-year highs seen last week. Read more

US 10-year Treasury yields nears dangerous level while major Deribit Bitcoin options expiry approaches. Bitcoin (BTC) reclaimed the $63,000 mark on Thursday, but traders fear a correction ahead of Friday’s $1.4 billion options expiry on Deribit. The concerns stem from the US government bond yield climbing toward a level that many view as a warning sign. Is the $62,000 support level at risk? Key takeaways: Read more

At 10 a.m. ET on Tuesday, the Bureau of Labor Statistics releases its Job Openings and Labor Turnover Survey for April, and a market that spent years branding Bitcoin as an escape hatch from central banks now hangs on whatever the numbers imply about the Federal Reserve's next move. This is due to a long […] The post Bitcoin faces first jobs-week test as US job openings data arrives before Friday payrolls appeared first on CryptoSlate.

Kevin Warsh was sworn in as Fed chairman in a White House ceremony early Friday afternoon.

Strategy's perpetual preferred stock, STRC, played a key role in the company's Bitcoin strategy this week after it saw more than $1.1 billion in daily trading volume. In an X post, Strategy declared April 13 the record date for STRC. Michael Saylor also noted that the security closed at par with just “one penny of volatility” after […] The post Strategy’s STRC hits record trading volume after massive $1B Bitcoin purchase as market cap doubles since Friday appeared first on CryptoSlate.

Bitcoin becomes the live market over Easter as oil shocks hit and traditional finance goes dark The Bitcoin market now has three trading days where it will act as the live venue for geopolitical risk while much of traditional finance is closed. As of Friday, April 3, Wall Street is closed for Good Friday; several […] The post Bitcoin is the financial Easter Bunny this weekend as markets close Friday amid critical jobs report appeared first on CryptoSlate.

Bitcoin bulls face an uphill battle to turn the March options expiry in their favor, requiring a 6% price rally to $75,000 before Friday. Key takeaways: Over 90% of Bitcoin call options may expire worthless if the price fails to break above $71,000 by Friday. Traders fear rising inflation and worsening credit conditions as the US and Israel-Iran war continues. Read more

Bitcoin options worth billions of dollars will expire on Deribit this Friday at 8:00 UTC.

Kevin Warsh, seen as a more hawkish Federal Reserve chair pick, previously said Bitcoin could serve as a check on fiscal policy decisions. US President Donald Trump is expected to nominate Bitcoin-friendly Kevin Warsh as the next chair of the Federal Reserve when he announces his pick on Friday. Trump said on Thursday that he will be announcing his pick to replace the central bank’s current chair, Jerome Powell, whose term finishes in May, on Friday morning, with Bloomberg, The Wall Street Journal, and The New York Times reporting that the president is set to announce Warsh as his nomination. Reuters had earlier reported that Trump met with Warsh, who served as a Fed governor from 2006 to 2011, on Thursday, with one person briefed on the discussion saying Warsh impressed the president. Read more