Bitcoin Plunge Hits Market Makers in a Fragile Trading Landscape
Bitcoin is crashing into dangerous territory — and options-fueled selling is adding to the volatility.
The largest cryptocurrency dropped as much as 7.6% on Friday to $80,553, deepening a selloff that’s erased nearly 25% of its value this month. November is now shaping up to be Bitcoin’s worst month since the 2022 collapse of Terra and FTX — a stretch that triggered a cascade of corporate failures across the industry.
