Crypto Option Expiration Sparks Market Uncertainty, Focusing on $5.3 Billion in BTC and ETH

The crypto market is bracing for a significant shift with the expiration of over $5.3 billion worth of options contracts set to occur tomorrow. This major event coincides with a prolonged U.S. government shutdown due to an unresolved budget crisis, adding further uncertainty to the volatile market. Analysts attribute this surge in value to expanding DeFi applications and growing institutional interest.