Bitcoin price is making a slow recovery after facing a sharp 16% correction. While some analysts blame a 9,000 BTC deposit at Binance, others focused on the hashrate drop caused by a coal mining accident in China. Regardless of the reason behind the $51,200 low, options market makers were forced to adjust their exposure. $1.55 billion in Bitcoin options are set to expire on April 23 and the recent BTC crash to $51,000 has given bears a $340 million advantage.
The entire Top 10 is traded in the green zone. Binance Coin +16.9%, Ripple +10.1% and Ethereum +8.1%.
Market capitalization: $2.12T (+3.07%)
The BTC dominance: 48.87% (-2.4%)
Fear & Greed Index: 73 (Greed)
Fox Finance (FOX) +104.1%
Celo (CELO) +95.5%
ReddCoin (RDD) +52.2%
Dogecoin (DOGE) -19.1%
FREE Coin (FREE) -16.5%
Dawn Protocol (DAWN) -25.7%
Aggregated Volume — $63.84B
Aggregated Open Interest — $16.97B