Bitcoin’s value drops while coins linked to Silk Road change hands. Meanwhile, Robinhood, famous for its commission-free trading, introduces Optimism (OP) to its platform. The price of OP fluctuates due to market factors and the announcement of its listing.
Today, as Bitcoin’s price plummeted, shocking news emerged in the market: over 30,000 Bitcoins linked to the Silk Road cases were transferred. Later, it was found that the same address sent a significant amount of Bitcoin to the Coinbase exchange. Meanwhile, Robinhood announced a major decision to list Optimism (OP).
Robinhood’s Cryptocurrency Expansion and Listing News
Robinhood has established itself as a cryptocurrency company renowned for its zero commission fees. Additionally, its strict listing policies highlight its selective approach to new listings.
Amidst recent expansion moves into Europe and the launch on Android devices, Robinhood made a significant announcement today.
According to the announcement, Robinhood declared the commencement of trading for Optimism’s (OP) cryptocurrency. This news had a notable impact on OP’s price amidst a period of sharp declines in the market.
Optimism (OP) Price Dynamics Amidst Market Volatility
At present, the price of Optimism (OP) stands at $3.2, marking an 8% decline over the past 24 hours. However, there has been a recent uptick in the OP price despite this drop.
During the period when Bitcoin’s price experienced a sharp decline, OP witnessed a rapid 3% increase. However, it failed to reflect the typical surges associated with listing news due to prevailing market conditions.
OP’s market capitalization also saw a decline of 6%, now standing at $3.2 billion. This places OP in the 40th position in terms of market capitalization ranking.
Following the listing news, there was a noticeable surge in the 24-hour trading volume for OP, rising by 37% to exceed $327 million.
Throughout these events, attention remained on Bitcoin’s price, which briefly dropped below $65,000 before recovering to $65,467 at the time of writing.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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