Bitcoin is Below $88,000: $28.5 Billion Options Expiry Approaches

Decline in Bitcoin and Cryptocurrencies

Bitcoin and other cryptocurrencies' prices have continued to decline steadily on Monday afternoon in the United States. The prominent development currently is that a total of 28.5 billion dollars worth of options for Bitcoin and Ethereum are set to expire this Friday on the Deribit derivatives exchange. This event is recorded as the largest options expiry in Deribit's history.