The cryptocurrency market experienced a significant drop this week, with Bitcoin falling by over 10% to around $102,400. This dip was driven by factors including macro-economic headwinds, the liquidation of leveraged crypto trades, and increased tensions between Elon Musk and Donald Trump. Traders are now eagerly anticipating the expiry of options contracts for both Bitcoin and Ethereum, and a potential surge in activity on Friday. The nonfarm payrolls data from the US Bureau of Labor Statistics is also expected to impact market direction. 1 Billion in crypto liquidations occurred over the past 24 hours, according to CoinGlass, wiping out over 227,000 traders as Bitcoin’s price failed to hold key support levels.