"As #BTC is flirting with new highs, options are starting to react with call demand," Genesis Volatility, a Chicago-based cryptocurrency analytics website, tweeted.A call option gives the investor the right, but not the obligation, to buy an asset at a predetermined price on or before a specified date. A put option gives the investor the right to sell.
If Bitcoin reaches a new high, it might continue to climb until some investors decide to pocket profits. That could lead to a temporary halt in the upward trajectory or even a slight decline similar to the pullback after Bitcoin reached $61,556 on March 13. Therefore, when demand increased and production slowed the only way to increase supply quickly was to boost prices to entice people to sell existing supplies.
In 1961, German chemist Rudolf Ludwig Mossbauer won the Nobel Prize in physics after he used iridium to better understand nuclear structure through the absorption and re-emission of gamma rays. The phenomenon is known as the Mossbauer effect. The clown Mercy watches her mates during a training session in the Congress of Clowns that is developing in Mexico City, May 19, 2004. It is still unclear how April Fool's Day took off around the world.Some people, especially those in rural areas, failed to realize that the New Year began January 1 on the new calendar, and continued to celebrate the old dates during the last week of March through April 1.
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