Founders

According to a market analyst, the absence of specific actions by the strategic reserve of Bitcoin has reduced traders' optimism about the short-term trend of this digital currency. Nick Forster, the founder of the Derive option, said in a note that on February 4, 83.3% of the Bitcoin option contracts were for sale. This shows that traders expect the price of bitcoin to remain stable or fall. The recent move by US President Donald Trump to sign an executive order to examine national digital reserves, instead of a particular bitcoin reserve, has frustrated the bitcoin community. According to Forster, the market has been waiting for practical measures such as creating a national strategic reserve instead of vague promises. Bitcoin is currently trading at $ 105,100, which is 3.8% lower than its recent price peak, $ 109,000.