Bitcoin Is Braced For A $6 Billion Earthquake As A Crypto Price Crash Hits Ethereum, BNB, Solana, Cardano And XRP

Bitcoin and cryptocurrency prices have dropped this week, wiping over $200 billion in value from the combined crypto market—despite some bold bitcoin price predictions.

The bitcoin price has fallen around 6% since Monday, dropping from around $52,000 per bitcoin to under $46,000 before recovering slightly. Meanwhile, other major cryptocurrencies including ethereum, Binance’s BNB, solana, cardano and XRP have also moved lower, with XRP losing almost 20% of its value during the last week.

Now, bitcoin traders are braced for option contracts worth more than $6 billion to expire on News Year’s Eve—one of the largest options expiries this year that could fuel price volatility.

Source: https://www.forbes.com/sites/billybambrough/2021/12/30/bitcoin-is-braced-for-a-6-billion-earthquake-as-a-crypto-price-crash-hits-ethereum-bnb-solana-cardano-and-xrp/?sh=40a179423e0b