Possibility of Altcoin Rally Ahead of BTC and ETH Options Expiry at the End of the Year
Multiple analysts said, “As the BTC options expiry approaches at the end of the year, market volatility is expected to increase, and in the process, an altcoin rally will unfold.” In this regard, QCP Capital, a cryptocurrency trading company based in Singapore, said, “All eyes are on the BTC and...
Multiple analysts said, “As the BTC options expiry approaches at the end of the year, market volatility is expected to increase, and in the process, an altcoin rally will unfold.” In this regard, QCP Capital, a cryptocurrency trading company based in Singapore, said, “All eyes are on the BTC and ETH options expiry of around $20 billion this Friday. In addition, altcoin rally could resume as BTC is currently hovering below $100,000. A similar trend was observed in November when BTC was moving sideways in the $90,000 to $100,000 range. If BTC drops to the $90,000 level, it will be a buying opportunity for new traders.”
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