Bitcoin (BTC) price extends its recovery and nears the $100K mark on Friday after facing a healthy correction this week. Ethereum (ETH) and Ripple (XRP) closed above their key resistance levels, indicating a rally in the upcoming days.
The crypto market is showing overall growth, with a total cap of $3.32 trillion (+0.5% in 24 hours). However, bitcoin is barely rising, with Ethereum down 3% from Thursday’s peak, while XRP is up around 9% after hitting 2021 highs at the peak of the day’s momentum.
Over $10 billion in Bitcoin (BTC) and Ethereum (ETH) options are set to expire today, a significant event that could impact market trends and cause short-term volatility. Analysts are closely watching the contracts’ volume and value to predict market movements. Put-to-call ratios for BTC and ETH options indicate a stronger preference for call options, hinting at bullish sentiment among traders.
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