The crypto market retreated suddenly in the American session, erasing the gains made earlier during the day, as investors waited for the biggest options expiry of the year.
Summary
- The crypto market retreated suddenly as traders waited for the options expiry.
- Bitcoin and Ethereum options worth over $28 billion will expire today, Dec. 26.
- BTC technical analysis points to an eventual bearish breakout.
Crypto market braces for $28 billion options expiry
Bitcoin (BTC) price dropped below $87,000, down from the intraday high of $89,000. Similarly, Binance Coin (BNB), Dogecoin (DOGE), and Canton dropped by over 3% in the last 24 hours.
The retreat mirrored…
