June 30 (Cointime) - The Bitcoin and crypto market were closely watching the expiry of quarterly BTC and ETH options, which was the second largest in history with a volume of 159,000 BTC options and 1.25 million ETH options worth almost $7 billion.
Despite expectations of increased volatility, the market saw a brief spike in BTC price before a pullback towards $30,700, making the event a "nothing burger."
The quarterly expiry saw a release of positions built up in recent months, and options could see a larger shift if the market supports it in July. The US Federal Reserve's preferred inflation gauge, the Personal Consumption Expenditure (PCE) price index, will be released at 8:30 am EST, which could provide a bullish boost to both traditional financial markets and the Bitcoin and crypto markets if there is a surprise to the downside.
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