Bitcoin Volatility Amid Policy Uncertainty
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Bitcoin experienced significant volatility over the weekend, with a sharp selloff triggered by tariff policy uncertainty that erased approximately $100 billion from the total crypto market capitalization. The price briefly dipped below $65,000, dragging the broader market down before recovering above $66,000. This movement highlights Bitcoin's continued sensitivity to macroeconomic policy shifts and regulatory developments.
Despite the recovery, options market data reveals concerning signals, with significant bets placed at the $60,000 strike price indicating potential downside risk. The market's ability to rebound above $66,000 demonstrates underlying resilience, but the concentration of options at lower levels suggests traders are hedging against further volatility. This creates a complex risk-reward dynamic for investors navigating current market conditions.
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