Cardano, Avalanche Lead Crypto Decline in Volatile Trading Session

Posted on by American Coins & Gold

Cardano, Avalanche Lead Crypto Decline in Volatile Trading Session
Cryptocurrencies continued this week’s slide on Thursday, with tokens of some of the largest blockchains by market capitalization falling as much as 6% in Asian hours before recovering slightly in early European hours.The move came ahead of a $6 billion options expiry for bitcoin (BTC) on Friday during a low-volume holiday period marked by volatility and range-bound price movement for large-cap cryptocurrencies. Options are hedging instruments that allow investors the right, but not the obligation, to buy the underlying asset at a predetermined price on or before a specific date.Among large-caps, cardano (ADA) and avalanche (AVAX) fell 6% in the…