Daily Overview

You are reading Crypto Daybook Americas, your morning briefing on overnight developments in the crypto markets and upcoming expectations. A major options expiry for Bitcoin (BTC) has recently concluded, showing a modest decline of about 0.6%, settling below $107,000.

Bitcoin

Despite low volatility in Bitcoin, traders seem relatively stable; Deribit’s BTC Volatility Index (DVOL) has fallen to 37, indicating confidence in Bitcoin’s macro-hedge role, as noted by Jean-David Péquignot from Deribit. He cautioned that maintaining the $105K support level is essential, as any dips might trigger trading hesitations.

Economic Tensions

The current ceasefire in the Israel-Iran conflict suggests reduced geopolitical tensions, yet investors remain cautious, awaiting the U.S. Personal Consumption Expenditures (PCE) report later today, closely monitored by the Federal Reserve. A significant deviation from economists’ estimates may shift market sentiments.