Bitcoin Stabilizes: Correction or Opportunity?

Bitcoin stabilizes after last week's crypto crash, but traders remain cautious, hedging against further drops with put options. While implied volatility has decreased, market makers are holding steady, hoping for calmer conditions. Analysts suggest this correction is healthy, potentially paving the way for stronger buyers and a future rebound to $130,000 for Bitcoin and $4,800 for Ethereum, driven by institutional investment.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.