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The crypto market experiences a slight decline, with BTC holding at $87,000. The largest options expiration in history may break the calm.
On December 26, according to CEX market data, the crypto market experienced a slight decline during the Christmas period. BTC is currently trading at $87,115, down 0.48% over the past 24 hours. Ethereum is now at $2,897, down 1.68% in the last 24 hours. SOL has fallen below $120. The total cryptocurrency market capitalization is now $3.021 trillion, down 0.6% over the past 24 hours. Additionally, Bitcoin is set to face the largest options expiration in history today, with approximately 300,000 BTC options contracts (nominal value of about $23.7 billion) expiring. The combined scale of BTC and ETH options expiring today totals $28.5 billion, double that of the same period last year. The market is expected to break the calm and usher in volatility. Some altcoins have led the gains: BIFI is now at $238.4, up 78% in 24 hours; ZBT is at $0.1557, up 55.2%; 0G is at $1.034, up 29.3%; ACT is at $0.0456, up 16.33%; LAYER is at $0.1885, up 13.4%. The biggest losers include: METIS at $5.79, down 12.8%; BANANA at $7.14, down 12.05%; DOLO at $0.03811, down 10.08%.