Crypto

Bitcoin options worth $11 billion near expiry; will volatility rise?

An $11 billion bitcoin options expiry is approaching, drawing attention to potential short-term volatility. The expiry covers about 135,000 BTC and accounts for roughly one-third of open interest in Deribit’s bitcoin options. Calls outnumber puts, but about 86 percent of contracts are out of the money, limiting estimated settlement value. Traders also watch the max pain level. U.S. rate policy and yields are seen as additional variables.

Crypto

Bitcoin edges up after Fed holds rates, market focus turns to December

The U.S. Federal Reserve held its policy rate at 3.75 to 4.00 percent, with two officials dissenting in favor of a 0.25 percentage point increase. Bitcoin rose about 0.2 percent after the decision, as markets had largely priced in a hold. Attention is shifting to the Dec. 8-9 meeting, where markets see elevated odds of a hike. Investors are also watching Treasury yields, leverage-driven volatility and upcoming U.S. jobs and inflation data.