$XRP
$6.6 trillion options expiring on the US stock market today – what will it do to the crypto market?
A record $6.6 trillion worth of options are expiring on the US stock market today, the largest expiration ever, with huge volatility expected.
The Nasdaq has already fallen more than 6% in five days, and the $VIX volatility index has nearly doubled, adding to the pressure on a nervous market.
Bitcoin, currently around $97,000, is down 3.7% this week, with Ethereum and Solana also taking a hit, as cryptocurrencies face spillover effects from the stock market turmoil.