As Ripple accelerates its expansion, its interest in Circle signals the company’s commitment to strengthening its position against larger players. However, Circle’s decision to reject the bid reflects its ongoing focus on a public listing and signals confidence in its current valuation and trajectory.
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At press time, Bitcoin was changing hands at a price of $86,830 — some 14.67% lower than the $101,760 seen at the time of Trump’s inauguration. For reference, the S&P 500 has lost 12.67% in the same timeframe, so if insider ties are propping up Bitcoin, they’re doing a rather shoddy job of it.
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Some of these bullish bets have been funded by premiums collected by selling put options.
At the same time, there has been renewed interest in buying put options at $80k expiring this month, representing preparations for potential price declines. Buying a put option is akin to purchasing insurance against price slides.
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