Bitcoin, Ether Struggle With Options Expiry Imminent: Crypto Daybook Americas

Market Overview - Bitcoin (BTC) is currently struggling, while ether (ETH) is attempting to maintain the $4,000 range, with September being historically bearish and the stronger quarter approaching [1] - The Crypto Fear and Greed Index is at 45, indicating a neutral sentiment but leaning towards fear, attributed to Bitcoin's underperformance against traditional assets [2] Bitcoin Options and Price Predictions - $17 billion worth of Bitcoin options are set to expire, with a max pain price of $110,000, slightly below the current spot price of $112,000, which may influence short-term price movements [3] - Bitcoin is expected to consolidate between $110,000 and $116,000 until October [3] Industry Trends - Notable activity is observed in artificial intelligence and high-performance computing stocks, while Bitcoin treasury companies are facing pressure [4] - Companies like KindlyMD (NAKA) are struggling, trading at $1.17, and Metaplanet (3350) has seen a decline of over 70% from its all-time high, trading at a 1.24 multiple to net asset value (mNAV) [4] Upcoming Events - Plasma, a layer-1 blockchain for global stablecoin payments, is launching its mainnet beta and native token, XPL [5] - Key macroeconomic indicators and speeches from Federal Reserve officials are scheduled, including U.S. Durable Goods Orders and Jobless Claims [5]