Emmanuel Goh, head of digital asset data analytics company Skew, explains bitcoin's recent price ... [+] action. GettyKnown for its large price swings, bitcoin (BTC) has seen relatively quiet price action the over the last several weeks. Bitcoin options trading products come with expirations, giving traders a window in which to act before expiration, followed by the beginning of a new time period. On June 26, multiple bitcoin options trading products expired across the market, including products from the Chicago Mercantile Exchange CME and crypto exchange Deribit. The CME also launched bitcoin options trading in early 2020, after the Intercontinental Exchange (ICE) opened mainstream bitcoin trading products weeks and months prior.

Source: Forbes June 30, 2020 13:52 UTC