Today is a crucial day in the cryptocurrency market, as more than $14 billion worth of Bitcoin and Ethereum options are due to expire. Such a huge expiration may result in significant price changes and trading volumes. Currently, Bitcoin is trading at around $85,000, down by 3% from earlier this week.
Ripple XRP price failed to recover above the $0.5050 resistance zone. The price is now moving lower and might gain bearish momentum below the $0.480 support.