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Author: Admin | 2025-04-27
In the past 24-hours, the global crypto market cap has fallen to $2.62 T, reflecting an 8% drop. Bitcoin, leading crypto, along with other top coins like ETH, XRP, and DOGE, is also facing a decrease as market-wide declines continue. Presently BTC trades below its $80k support level as this situation keeps the bearish trend active. The price decline occurs primarily because of worldwide economic instability and worries about future trade conflicts related to Trump. To sum up, the Solana price faces significant downward pressure as macro trends shift. If the current trend continues, the SOL price could test the $70 support level, presenting further challenges for the coin. The post SOL Faces Macro Trend Shift: Will Solana Price Crash To $70? appeared first on CoinGape.28 Feb 2025, 2:35 amA staggering $5.78 billion in Bitcoin and Ethereum options are expiring today as the crypto market sees heightened volatility and selling pressure today. BTC short-term volatility recently peaked at 90%, while ETH’s short-term volatility surged past 100% as panic grips the market amid Trump tariff wars. 59,000 Bitcoin Options Expire As BTC Tanks Under $80,000 Bitcoin price crashed another 6% in the last 24 hours, diving $80,000 earlier today amid the broader crypto market correction. A total of 59,000 Bitcoin option contracts are expiring today with a notional value of $4.68 billion and a put-call ratio of 0.71. The data indicates that the maximum pain point for the expiring options is set at $96,000. Source: Deribit The market faced near-collapse this week, driven by the U.S. stock market crash and a series of security breaches such as the Bybit hack. Under the pressure of these events, mainstream cryptocurrencies led a sharp downturn, with implied volatility (IV) surging significantly. Notably, Bitcoin’s short-term volatility spiked to 90%, reflecting heightened market instability, as per
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