Wintermute: Bitcoin may drop to $59,000 in the short term due to reduced summer liquidity
ChainCatcher news, according to CoinDesk, market maker Wintermute's OTC trading division stated in a report that due to the US Federal Reserve's hawkish stance and geopolitical news, Bitcoin and Ethereum are currently dropping toward the lower end of their recent ranges. Wintermute's option pricing shows that in the next 24 hours, Bitcoin is expected to fluctuate between $61,242 and $63,563, while Ethereum is expected to be in the range of $1,606 to $1,694.
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