The post Crypto Market Eyes Bitcoin, ETH, XRP, SOL Max Pain Price as CPI Data Looms appeared on BitcoinEthereumNews.com.
Crypto market traders are bracing for Bitcoin, Ethereum (ETH), XRP, and Solana (SOL) options expiry today. Traders anticipate short-term volatility in the broader crypto market ahead of next week’s US CPI and PPI inflation data releases. Seasonality, cooling jobless claims, and US-Iran technical talks have sparked a recovery in crypto prices. Bitcoin, ETH, XRP, and SOL jumped amid a fall in oil prices, US Treasury yields, and the US dollar index. Crypto market sets eyes on max pain amid potential recovery further. Crypto Market Braces for $1.5 Billion Bitcoin Options Expiry According to Deribit data, more than 23K BTC options with a notional value of almost $1.5 billion expire on July 10, with a put-call ratio of 1. In the last 24 hours, call volume remains higher than put volume with a put-call ratio of 0.75, indicating a neutral stance among traders. Moreover, max
The post Swiss Franc gives back some early gains against US Dollar, US CPI in focus appeared on BitcoinEthereumNews.com.
The Swiss Franc (CHF) pares some of its early gains against the US Dollar (USD) during the early European trading session on Friday. The USD/CHF pair is 0.26% lower at around 0.8048 even after a slight recovery move. The Swiss Franc pair surrenders some gains as the US Dollar attracts slight bids amid a recovery in oil prices. At press time, the US Dollar Index (DXY), which gauges the Greenback’s value against six major currencies, trades 0.14% lower to near 100.80 after revisiting the three-week low of 100.60 earlier in the day. Oil prices corrected sharply on Thursday after a United States (US) official confirmed that technical talks with Iran are still on despite President Donald Trump declaring the collapse of the memorandum of understanding (MoU). However, continued exchange of attacks between the US and Iran have resurfaced fears of energy supply disruption, a
