$90K Target Ahead as BTC Options Volume nears $800M
The post $90K Target Ahead as BTC Options Volume nears $800M appeared on BitcoinEthereumNews.com.
Bitcoin’s price rose 1.85% on Sunday, March 23, crossing the $85,000 mark after a three-day consolidation around $84,000. With growing market optimism following the recent Fed rate pause, speculative BTC traders deployed increased leverage over the weekend. Will BTC advance above $90,000, or will it reverse to $80,000 in the week ahead? Bitcoin (BTC) Retakes $85,500 After Three-Day Consolidation After a prolonged consolidation phase, Bitcoin (BTC) made a major recovery bounce on Sunday. Following Trump’s appearance at Blockworks’ Digital Asset Summit, many short-term traders opted to take profits on their BTC holdings. Despite the decline, Bitcoin continues to find buyers, as the recent U.S. Fed rate pause announced on Wednesday prompted macro-sensitive capital to flow toward risky assets. Bitcoin price action, March, 24 2025 Bullish tailwinds from the Fed rate pause counteracted the downward pressure from profit-taking, leading to a three-day stalemate at the $84,000 level since Thursday. However, as sell-side pressure subsided, BTC price recorded a major breakout above $85,000 on Sunday, March 23. The chart above shows how BTC rose 1.85%, hitting a daily peak of $85,600. BTC Options Volume nears $800M as Whales Return After Fed Rate Pause Bitcoin price demonstrated remarkable resilience consolidating around $84,000 over the past three days, as macro-sensitive institutional investors reassess their stance on U.S. economic policies. Earlier this month, fears of inflationary pressure from Trump’s proposed tariffs triggered a cautious retreat from risk assets, including Bitcoin. However, with recent CPI and PPI reports showing inflation cooling and the Federal Reserve opting to pause rate hikes, large investors appear to be re-entering the market. This shift in sentiment is reflected in broader financial markets. The S&P 500 surged by 32 points following the Fed rate pause, signalling renewed risk appetite. As Bitcoin mirrors this trend, it has seen a sharp uptick in…
Filed under: News - @ March 24, 2025 12:13 am