Volatility in the crypto markets saw avalanche (AVAX) and cardano (ADA) fall 6% in the past 24 hours before a bounce on Thursday morning. By shauryamalwa
The crypto market has been sliding this week.
The move came ahead of a $6 billion options expiry for bitcoin on Friday during a low-volume holiday period marked by volatility and range-bound price movement for large-cap cryptocurrencies. Options are hedging instruments that allow investors the right, but not the obligation, to buy the underlying asset at a predetermined price on or before a specific date.
Prices of cardano and other tokens rallied in early European hours following a broader decline in the crypto market. .
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