Big things are happening in the world of cryptocurrency! Lots of Bitcoin and Ethereum contracts are expiring soon. This means people are deciding to buy or sell their cryptocurrencies. This is a pretty big event, similar to a big sale at a store.
Imagine these contracts as IOUs for Bitcoin and Ethereum. A huge number of these IOUs will expire this Friday. Some people are expecting the prices to go up (bullish), while others think they might go down (bearish).
The overall crypto market has also taken a dip recently, making many digital coins lose value.
- Many Bitcoin and Ethereum contracts are expiring soon.
- The total value of these contracts is very high.
- Some people think Bitcoin's price might go down further.
- Other cryptocurrencies (altcoins) are also seeing price drops.
| Cryptocurrency | Price Movement | Prediction |
|---|---|---|
| Bitcoin | Down 18% this week, below $80,000 | Possible drop to $77,000 - $72,000 |
| Ethereum | Down 22% this week, below $2,150 | No clear prediction given |
| Total Crypto Market | Down 6% today, below $2.76 trillion | Possible return to October levels |
