$3B In Bitcoin Options To Expire Friday, Bulls At A Loss – November 25

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $58,979

Bitcoin price has recovered to around $59,000, in a strong bounce from its slump at the beginning of the week.

Top-20 altcoins have also had a strong recovery, as Ethereum rises 6%, Cardano regains 6% and Shiba Inu leads with a 16% surge.

Top Stories for November 25, 2021 πŸ”₯

πŸ‘‰ $3B In Bitcoin Options To Expire Friday, Bulls At A Loss

Almost 52,000 Bitcoin options contracts worth a total of $3 billion are set to expire this Friday, according to data from crypto analytics platform Skew.

Bets have been concentrated in call options above the BTC all-time high, while put options have been increasing in price – indicating an increasingly bearish sentiment.

Some of the change in sentiment may be attributed to a potential US Federal Reserve rate hike, stemming from inflation concerns.

πŸ‘‰ MoonPay Creates Concierge Service To Assist With Celebrity NFT Purchases

Cryptocurrency payments firm MoonPay has set up a concierge service to help celebrities and high net worth individuals to purchase non-fungible tokens (NFTs).

MoonPay has worked with TV host Jimmy Fallon and musician Post Malone as clients for the new service, with both celebrities recently publicly displaying recently-purchased items from the Bored Ape Yacht Club (BAYC) collection.

πŸ‘‰ Coinbase Acquired BRD Wallet Team, Price Explodes 500%

The team of cryptocurrency wallet provider BRD has been acquired by publicly-traded exchange Coinbase, leading to a 500% increase in price of the wallet’s native token Bread (BRD).

BRD executives and founders have reassured that nothing will change in the BRD wallet app, while some of the company’s team members will move to Coinbase to work on further wallet projects.