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  • Crypto Pulse Daily: Massive $4.5B Options Expiry Hits Today What’s Next for Crypto?

Crypto Pulse Daily: Massive $4.5B Options Expiry Hits Today What’s Next for Crypto?

Crypto Moves Faster. Stay Ahead With Bold Insights, Every Day.

Depository Trust & Clearing Corporation (DTCC) received approval from the SEC to start an operation of tokenizing traditional assets. Chainlink could see major upside given that the firm intends to use its platform to enable the process. 

Crypto traders are bracing for today’s $4.5 billion in Bitcoin and Ethereum options expiry. This comes amid a recent rebound in Bitcoin, Ethereum, XRP, and a broader crypto market following a 25 bps Fed rate cut. However, experts such as Glassnode and Matrixport expect range-bound movements in December as liquidity thins..

The cryptocurrency market rose 2% in the last 24 hours, fueled by institutional adoption and Bitcoin’s accumulation signals. This growth follows the U.S. Federal Reserve’s recent interest rate cut. Analysts forecast a larger market recovery after the ups and downs in the short term subside. Bitcoin has been hovering above $92,000.

Ether (ETH) is trading at around $3,250, while XRP price also hovers around $2.02. The bullish trend reflects the investor confidence on Bitcoin, Ethereum, and XRP.

The Chainlink price started the week with stronger structure, recovering from an extended downtrend. Buyers reclaimed power towards the channel floor, and the chart is now heading towards a turning point that may reestablish short term direction. 

Meanwhile, market conditions support tighter structure and cleaner reactions around resistance. This change puts LINK in a position to move towards greater heights and rekindle the $20 possibility.