In another development, the Bitcoin Mining Council’s quarterly report published Monday said mining efficiency rose by 63% year on year in the first three months, with sustainable energy usage at 58%.
“The recovery attempt of risk appetites, reflected in the recovery and strong close in U.S.
According to data tracked by Skew, bitcoin options worth $2.2 billion and ether options worth $1.2 billion are set to expire this Friday.
The theory is that the max pain acts as a magnet while heading into the expiry as option sellers, typically large institutions, buy or sell the underlying asset to keep the price around key levels to inflict maximum loss on buyers.
Dogecoin , the meme-focused cryptocurrency, is looking to break out from a large descending contracting triangular pattern.
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