$4B Worth Of Bitcoin Options To Expire This Week – January 25

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $33,177

Bitcoin price popped back up over the weekend, rising above the $33,000 mark once again to begin Monday.

Top-20 altcoins have had a steady last 24 hours of trading, as Ethereum gains almost 6%, XRP remains unchanged, and Uniswap surges with a 19% rise.

Top Stories for January 25, 2021 πŸ”₯

πŸ‘‰ $4B Worth Of Bitcoin Options To Expire This Week

A record $4 billion worth of Bitcoin options are due to expire on January 29, with a significant 83% of the positions on derivatives exchange Deribit.

The previous largest Bitcoin options expiry date was on Christmas Day last year, when $2.4 billion worth of contracts expired.

At present, call options are trading at a slight premium to put options, indicating a slight bullish sentiment on Bitcoin price.

πŸ‘‰ Coinbase To Offer Equity On Nasdaq Private Market

Coinbase has communicated with shareholders that they will be launching a secondary market for their private stock on Nasdaq Private Market. It is estimated that the listing will allow Coinbase employees to mobilize vested shares.

The sentiment among the community regarding Coinbase’s move to public trading of its shares will come via a direct listing rather than an IPO.

πŸ‘‰ Bitcoin ETF Application Filed By Valkyrie Digital Assets

Crypto firm Valkyrie Digital Assets has filed an application for a Bitcoin exchange-traded fund (ETF), which would be listed on the New York Stock Exchange.

The application is the second of its kind by Valkyrie in a month, re-submitting an application in December for a VanEck Bitcoin Trust ETF with the SEC.