Bitcoin is currently trading above $87,000. The S&P 500 has also reclaimed its 200-day moving average, a milestone not reached since March 10. However, investors should prepare for increased volatility. Over $12 billion in notional value of Bitcoin options are set to expire on Friday, with the maximum pain price at $85,000. Most of the open interest is concentrated around $100,000 call options. In other news, new trade policies could impose a 25% tariff on oil and gas purchases from Venezuela starting as early as April 2. Additional tariffs on autos, lumber, and semiconductor chips are expected to be announced soon. In the U.K., rising bond yields are complicating fiscal planning ahead of the Spring Statement. Meanwhile, the cryptocurrency CRO faced controversy after reissuing 70 billion tokens, representing 70% of its total supply, which had been previously burned in 2021.
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