Big news in the world of cryptocurrency! Lots of Bitcoin and Ethereum options are expiring this week. Think of options like bets on whether the price will go up or down. This week's expiry isn't super huge, so it probably won't shake things up too much.
- Many Bitcoin contracts are expiring, totaling about $1.6 billion.
- Ethereum contracts expiring are worth around $420 million.
- Experts aren't sure if prices will go up or down soon.
- Some altcoins (other cryptocurrencies) like Solana are doing well.
| Crypto | Price | Change |
|---|---|---|
| Bitcoin | Around $28,000 (Note: this is an approximation and can vary widely. The news refers to a high of $98,750 at one point in time during the reporting period. This was not sustained). | Slightly up |
| Ethereum | Around $2,744 (Note: this is an approximation and can vary widely. The news refers to a high of $2,767 at one point in time during the reporting period. This was not sustained) | Slightly up |
