Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: Casual on June 26, 2021, 01:16:33 PM
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The entire crypto market has fallen by about 10% in the past 24 hours. Ethereum, the second-largest cryptocurrency, also had a calamitous start to the weekend. It fell by 8% to lows of $1,718 before zipping back up to its current price, $1,772. Overall, this marks a 7.9% drop in the past 24 hours and a collapse of 21% in the past week. Some analysts think that the upset could stem from one of the largest expiries of Bitcoin and Ethereum options contracts. The $3.8 billion in options contracts, signed many moons ago, grant buyers the choice to redeem all of that crypto, which they can dump on the market should they so wish.source (https://decrypt.co/74561/bitcoin-falls-9-eth-8-in-saturday-morning-dip)