Bitcoin was trading around $85,506 as of 8:00 on the 19th, down 0.70% from 24 hours earlier. Ethereum, the second-largest by market cap, fell 0.09% to $2,828. XRP and SOL declined about 2.5% and 2.4%, respectively. The moves come as options expiry approaches, weighing on crypto.
Bloomberg warned that roughly $23 billion in options set to expire on the 26th could amplify downside moves, potentially making this quarter the weakest since 2022 as traders brace for higher volatility. Traders are rebalancing positions in anticipation of further catalysts.
Alternative’s Fear and Greed index stood at 17, signaling extreme fear as investors weigh further risk for the crypto market. Analysts cautioned that heightened volatility could affect crypto equities and related investments.
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