Bitcoin’s value is currently in freefall, registering a sharp 1.64% decline in a 24-hour window, settling at $67,328.02. This alarming downturn reflects a broader correction, with the collective crypto market cap slipping by 0.99%.
The Intersection of Options Expiry and Market Sentiment
At the heart of Bitcoin’s recent price turbulence lies the expiry of substantial options contracts, valued at over $8 billion, encompassing both Bitcoin and Ethereum derivatives.·
For the full story, head over to TheCurrencyAnalytics.com.