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Can Bitcoin hold $62K ahead of Friday’s $1.4 billion options expiry?

Cointelegraph 2026-07-09 16:31:10
Context: The cryptocurrency market is bracing for a significant event as a large number of Bitcoin options are set to expire on Friday. The expiry of these options, valued at $1.4 billion, could potentially impact the price of Bitcoin. The market is also being influenced by rising US 10-year Treasury yields.

Key Facts

  • The Deribit Bitcoin options expiry, valued at $1.4 billion, is scheduled to take place on Friday, which could lead to increased market volatility.
  • US 10-year Treasury yields are nearing a level considered potentially hazardous, adding to the uncertainty in the market.
  • The price of Bitcoin is currently hovering around $62,000, and market participants are questioning whether it can maintain this level ahead of the options expiry.
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