Crypto Market Sees Mild Dip, BTC Holds at $87K, Largest-Ever Options Expiry May Disrupt Calm

BlockBeats News, December 26th, according to an exchange market information, the cryptocurrency market saw a slight decline during the Christmas period, with BTC currently trading at $87,115, a 0.48% decrease in the last 24 hours. Ethereum is currently priced at $2,897, down 1.68% in the past 24 hours. SOL has fallen below $120. The total cryptocurrency market capitalization is now $3.021 trillion, a 0.6% decrease in the last 24 hours. In addition, today Bitcoin will face the largest options expiration date in history, with approximately 300,000 BTC options contracts (with a notional value of around $23.7 billion) expiring. The combined expiration of BTC and ETH options today amounts to $28.5 billion, twice the size of the same period last year. The market is expected to break the calm and welcome volatility.

Leading the gains in the altcoin market are:

BIFI is currently trading at $238.4, up 78% in the last 24 hours;

ZBT is currently trading at $0.1557, up 55.2% in the last 24 hours;

0G is currently trading at $1.034, up 29.3% in the last 24 hours;

ACT is currently trading at $0.0456, up 16.33% in the last 24 hours;

LAYER is currently trading at $0.1885, up 13.4% in the last 24 hours.

Experiencing the most significant losses are:

METIS is currently trading at $5.79, down 12.8% in the last 24 hours;

BANANA is currently trading at $7.14, down 12.05% in the last 24 hours;

DOLO is currently trading at $0.03811, down 10.08% in the last 24 hours.