Bitcoin Price Analysis: Will BTC Break $95,000 as ETF Options Surge with 73,000 Contracts on Nasdaq?
The price movement of Bitcoin has garnered attention as BlackRock’s iShares Bitcoin Trust ETF introduces options trading on Nasdaq. With 73,000 contracts being exchanged within the first hour, this launch represents a significant step in expanding Bitcoin’s financial ecosystem.
These options provide tools to manage the volatility of Bitcoin’s price, giving investors opportunities to effectively speculate and hedge their positions.
Analysts suggest that this development could strengthen the demand for Bitcoin and stabilize its price, solidifying its role in the broader financial markets.
Bitcoin ETF Options Launch Strong with 73,000 Contracts on Nasdaq
BlackRock’s iShares Bitcoin Trust ETF has launched its options trading on Nasdaq with 73,000 contracts exchanged in the first hour. These options empower investors with tools to manage Bitcoin’s volatility, allowing them to speculate on price fluctuations while hedging their risks.
Experts believe that this launch will attract more investors and expand the U.S. Bitcoin derivatives market, thereby boosting confidence in BTC. This development may also encourage new funds to adopt strategies such as trend-following or covered calls.
Gemini Expands to France After Securing DASP Approval
Gemini, the U.S.-based cryptocurrency exchange founded by Cameron and Tyler Winklevoss, has officially entered the French market after receiving DASP registration from AMF, the country’s financial regulator.
The platform now offers French users access to over 70 cryptocurrencies for trading, storing, and depositing, with local payment options available in euros and British pounds.
Gemini also caters to institutional clients by providing advanced trading tools and an over-the-counter desk for large transactions.
The company sees France as a crucial market, citing supportive regulations under the EU’s MiCA framework and the increasing adoption of cryptocurrencies.
Gemini’s entry into France has the potential to boost the adoption of Bitcoin, leveraging the country’s favorable regulatory environment to enhance trust and demand.
Key Highlights:
– Over 70 cryptocurrencies now available for trading in France.
– Support for institutional trading and local currency options.
– France’s regulatory framework is considered pivotal for crypto adoption.
Howard Lutnick Appointed Commerce Secretary, Advocates for High Tariffs and Pro-Crypto Policies
President-elect Donald Trump has chosen Howard Lutnick, CEO of Cantor Fitzgerald, as the Commerce Secretary. Lutnick will be responsible for overseeing U.S. trade and tariff policies, with a focus on reshoring manufacturing and promoting financial innovation, including the adoption of cryptocurrencies.
Lutnick, a strong advocate for tariffs, proposes imposing a 10%-20% levy on imports and a 60% tariff on Chinese goods, aligning with Trump’s tough trade agenda.
His leadership is expected to shape policies that impact sensitive technologies like semiconductors and manage trade tensions, particularly with China.
Lutnick’s pro-crypto stance could potentially boost Bitcoin, as it aligns with Trump’s vision of promoting cryptocurrencies and modern financial systems.
Key Highlights:
– Lutnick plans to impose a 60% tariff on Chinese imports.
– Advocates reshoring manufacturing and leveraging cryptocurrencies.
– The Commerce Department will focus on export controls and trade disputes.
Bitcoin Price Forecast: Symmetrical Triangle Breakout Hinges on $93,450
Bitcoin (BTC/USD) is currently trading within a symmetrical triangle, consolidating near a crucial resistance level at $93,450. A recent rebound from $91,379, supported by the 50-day EMA at $91,085, indicates a bullish outlook.
The RSI at 58.45 reflects moderate bullish momentum, suggesting potential gains if $93,450 is breached. Further resistance levels can be found at $94,873 and $96,177.
On the downside, critical support levels include $91,379, $89,760, and $88,401.
A breakout above $93,450 could confirm a bullish trend, with a target set at $96,177. Conversely, a failure to hold $91,379 may shift the momentum to the downside.
Key Insights:
– Resistance Levels: Immediate resistance at $93,450, followed by hurdles at $94,873 and $96,177.
– Support Levels: Immediate support at $91,379, with deeper levels at $89,760 and $88,401.
– Indicators: RSI at 58.45 indicates moderate bullish momentum, while the 50-day EMA at $91,085 supports a bullish bias.
Why Pepe Unchained ($PEPU) Could Be Your Next Crypto Portfolio Boost
As meme coins gain traction, Pepe Unchained ($PEPU) has emerged as a prominent contender, attracting attention with its lucrative features and strong performance during the presale.
Key Highlights:
– Presale Closing Soon: With $37.80 million raised, the $PEPU presale is nearing its end. Prices are expected to surge after listing on tier-1 exchanges, with $PEPU priced at just $0.012894.
– High APY Staking: $PEPU offers a 499% APY, allowing investors to earn substantial passive income. Over 321 million tokens have already been staked, demonstrating high investor confidence.
– Smart Contract Security: $PEPU has undergone audits by Coinsult and SolidProof, providing investors with added assurance of a secure platform.
Act quickly in the presale, as there are only 23 days left before it closes. Early investors have a limited opportunity to secure $PEPU at presale prices before it becomes available on tier-1 exchanges.
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