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Crypto.com has launched Strike Options, a new derivatives trading feature in its app. It lets U.S. users speculate on crypto prices with short-term, binary options. Crypto.com has recently unveiled its new derivatives product, Strike Options, marking a significant addition to its trading portfolio. This feature, now accessible via the Crypto.com App, is tailored for those looking to predict and potentially profit from token price movements. Introducing Strike Options, a new crypto derivatives product in the https://t.co/vCNztATkNg App ️ Turn daily predictions into potential profit with: Straightforward Yes/No decisions Less than US$10 per trade Clearly defined risk & rewards ️ https://t.co/J8hIeo024p pic.twitter.com/5BfH5WNyDv — Crypto.com (@cryptocom) November 13, 2023 Strike Options operates on a binary framework, where users decide whether the price of an underlying asset, such as Bitcoin (BTC), will surpass a predetermined strike price at the time of expiry. Th...

Bitcoin ETF requests, miners' sell pressure, and regulatory hurdles create uncertainty for the $31,000 BTC price resistance. The $4.7 billion Bitcoin (BTC) monthly options expiry on June 30 might play a decisive role in determining whether the $30,000 price will consolidate as long-term support and open room for further bullish momentum. Why is Bitcoin breaking yearly highs? Many analysts consider Bitcoin's recent breakout above $27,000 a bet on the multiple spot Bitcoin exchange-traded fund (ETF) request applications, including those of BlackRock and ARK Invest. The news also fueled expectations for Grayscale to be able to convert its Grayscale Bitcoin Trust (GBTC) to a Bitcoin ETF.  $31,000 caps Bitcoin price gains for now On the other hand, Bitcoin bears will try to take advantage of macroeconomic and regulatory headwinds, including exchanges implementing mandatory Know Your Customer (KYC) procedures. On June 28, KuCoin announced the upcoming KYC system upgrade in a move to...