Bitcoin Stays Bearish As $1.47B Options Expiry Hits Amid Trump’s Bombing Threat on Iran

Bitcoin continued to be in a negative sentiment on October 16 as $1.47 billion in Bitcoin options were up for renewal and worries over possible U.S military strikes against Iran lingered. The expiration coincided with a wider pullback in financial markets, which further deterred Bitcoin’s recovery path and its next big move.