$3.7B In Bitcoin Options Set To Expire On January 29 – January 19

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $37,167

Bitcoin price has risen about 1.5% over the last 24 hours, reclaiming the $37,000 mark overnight.

Top-20 altcoins continue to perform well over the last 24 hours, in particular Ethereum which has gained 13%. XRP has risen 8% and Litecoin has also done well with a 13% rise.

Top Stories for January 19, 2021 πŸ”₯

πŸ‘‰ $3.7B In Bitcoin Options Set To Expire On January 29

A record $3.7 billion worth of Bitcoin options contracts are set to expire on January 29, following the cryptocurrency’s significant bull run.

According to the options data, most market participants are still bullish on Bitcoin, even though momentum has somewhat died off.

According to analytics website bybt.com, the total value of all open Bitcoin options positions stands at over $9 billion USD.

πŸ‘‰ Crypto Exchange Livecoin To Shut Down Following December Hack

Livecoin, a Russian-based cryptocurrency exchange, has announced that it will be closing its doors after the hack it experienced in December 2020.

The platform has stated that it will refund any remaining funds to its users and that claims for refunds must be made before March 17.

πŸ‘‰ Nvidia CFO Says They May Make Crypto Mining GPUs If Demand Arises

Nvidia CFO Colette Kress stated at a recent conference that the computer chip company may restart its manufacturing of cryptocurrency mining GPUs, if there is enough demand.

The company is unsure how much of its current GPU demand is coming from cryptocurrency miners, however an analyst has made a recent estimate that Nvidia has sold $175 million worth of hardware to Ethereum miners.