Options Expiration Ignites Volatility: Bitcoin, Ethereum, and XRP Face Potential Price Drops

Crypto traders brace for volatility as over $6.2 billion in Bitcoin, Ethereum, and XRP options are set to expire this Friday. This wave of expiration will potentially trigger price drops for these major cryptocurrencies. Experts predict a downturn for Bitcoin, with its price hovering above $124,000 following the expiry of over $5 billion worth of BTC options on Deribit. Similarly, Ethereum faces potential downward pressure, reaching a new all-time high but also exceeding $4,000 due to factors like option expiration and a CME gap. XRP, meanwhile, is expected to experience further price drops as whales continue profit-taking.