Bitcoin Holds $63K Ahead of FOMC Minutes & Options Expiry — Polymarket Prices 99.95% Chance Above $50K
Bitcoin is holding above $63,000**, quoted around **$63,207, up 5.5% over seven days. Today marks a critical convergence: the Federal Reserve releases minutes from its June FOMC meeting — the first under new Chair Kevin Warsh — while $39.3 million in Bitcoin options expire**, with **max pain at $63,000. On Polymarket, traders are pricing 99.95% odds BTC stays above $50,000** and **95.95% odds** above **$60,000 by today's 16:00 UTC cutoff. Ethereum has led major gains, rising 12.4% weekly to $1,777.
Risk reminder: FOMC minutes and options expiries often trigger sharp volatility. Light downside hedging means any surprise could move prices sharply.
