BlockBeats News, September 26th, the cryptocurrency market continued its decline, with Bitcoin and Ethereum prices continuing to fall, and the total market value evaporating over $140 billion in a week. Ethereum fell by 8.2% at one point, dropping below $4,000 to hit its lowest level in nearly seven weeks. Bitcoin, for the first time, fell below $110,000, with a drop of approximately 3.3%.
As Ethereum falls, institutional fund inflows have slowed, and there is short-term pressure on the technical front. Meanwhile, $220 billion worth of option contracts are set to expire soon, bringing more uncertainty to the market. Analysts believe that if Ethereum drops below $3,800, it may trigger more liquidation.
BiyaPay reminds investors that with the market turbulence, they need to pay attention to the potential further volatility brought by the upcoming expiration of option contracts. BiyaPay provides users with zero-fee trading for spot, futures, and USDT trading of US and Hong Kong stocks, helping investors reduce trading costs and flexibly manage market risks.
