Litecoin is one of the first open-source altcoins based on the original Bitcoin code. It was initially a strong competitor to the first cryptocurrency. However, as the cryptocurrency market expanded, Litecoin’s popularity gradually declined.
September 24th Biggest Bitcoin Options Close of 2021
Cryptocurrency is one of the top world currencies in the financial market over the past couple of years. There are many types of cryptocurrencies: bitcoins (from English Bitcoin), ethereums (from English Ethereum), litecoins (from English Litecoin) and so on. To date, the leading position in popularity is occupied by bitcoin. Every day, millions of people track the rate of bitcoin and earn money from it.
What are bitcoin options?
Speaking from a financial point of view, an option, and in this case, cryptocurrency options, is a contract or agreement that gives the future and potential buyer the right to:
- make a purchase of the number of bitcoins and at the cost specified in the contract;
- sell bitcoins at a price that was previously agreed;
- require the cryptocurrency seller to comply with all clauses of the agreement/contract.
As a rule, the cost of such a contract varies within 2% of the total amount that is prescribed in the document. The transaction can be considered 100% completed only after the expiration of the signed securities.
The expiration of options depends on the type of this instrument. There are two types of options:
- call (in English call option) – this option is designed for the increase and growth of underlying assets;
- put (in English put option) – this option is designed for a fall in underlying assets.
To acquire the necessary and desired share (underlying asset) you need to buy a call option, and to sell it, you need to buy a put option accordingly. Thus, there is a constant purchase. Based on this, you can see the following players on the option:
(usually 4)
- call option buyers;
- call option sellers;
- put option buyers;
- put option sellers.
Why conduct binary options bitcoin?
The volatility of bitcoin makes it both the most popular and the most talked about digital asset of our time. This question is especially relevant in September 2021. Indeed, according to experts, it is September that is unfavorable for cryptocurrencies, so investors, knowing this, make huge bets on the upcoming final stages of the Bitcoin option, which will take place on September 24, 2021. The projected cost is estimated at almost $3.5 billion, or to be more precise, $3.4 billion. This is one of the largest and largest options expiration this year.
Due to the recent crisis in the Chinese real estate market, and we are now talking about the multidisciplinary Chinese investment holding Evergrande Group, the bitcoin exchange rate is very unstable. Over the past couple of days, the rate has decreased by 12%, while ADA, BNB, ETH, XRP, SOL have also fallen in price by 15% – 19%.
Such indicators, in turn, accumulated all the attention on the planned option closing. As a rule, options for the growth of bitcoin are of particular interest to investors, as evidenced by the statistics of previous years.
Despite the lack of “stability”, the bitcoin cryptocurrency is replenishing the army of its fans and customers every day. Global financial experts claim that in 2021 the level of interest in cryptocurrencies has increased 5 times compared to previous years. Bitcoin futures are especially popular.
