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Bulls aim to turn the tide in Friday’s $580M options expiry after BTC tops $43K -Breaking

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© Reuters.

(BTCThe latest correction by 40% from Nov. 10, which saw $69,000 as the all-time record, has made investors hesitant about adding to their positions. The long-term downtrend is not the only reason for concern. On Dec. 15, the United States Federal Reserve made some comments about it. Rising interest ratesYou are also considering risk-on assets.

Fed signals that it might raise its benchmark interest three times this calendar year. Plans are also in place to speed up its asset purchase taper.

Bitcoin Price at Coinbase (NASDAQ): USD (right), vs. China Stock Market MSCI Index (left).
Bitcoin options total open interest Jan. 21 Source: Coinglass.com