Bitcoin traded largely unchanged on Tuesday, extending pressure from a massive $1.5 billion wipe-out in crypto derivatives a day earlier, while investors braced for fresh volatility tied to one of the largest ever options expiries.<\/p>\n\n\n\n
The world\u2019s biggest cryptocurrency last slipped 0.1% to $112,711.6<\/strong> as of 01:55 ET, hovering near two-week lows. On Monday, Bitcoin briefly dropped below $112,000, triggering the liquidation of more than $1.5 billion in long positions<\/strong> across the crypto complex, according to Coinglass data.<\/p>\n\n\n\n Over 400,000 traders<\/strong> were forced out of leveraged bets, with Ether plunging as much as 9% and altcoins such as Dogecoin also suffering double-digit intraday losses. Thin liquidity and overextended positioning magnified price swings, with options-related trades further intensifying the downturn.<\/p>\n\n\n\n Traders are now preparing for a $23 billion Bitcoin and Ether options expiry<\/strong> on Friday, one of the largest on record, according to Deribit. The event could inject more volatility as traders rebalance positions.<\/p>\n\n\n\n The Federal Reserve is also in focus, with Chair Jerome Powell<\/strong> set to speak later Tuesday. His remarks could offer more clarity on the policy path after last week\u2019s 25 bps rate cut<\/strong>, which came alongside projections for two more reductions in 2025. While supportive for risk assets, Fed officials have since warned that sticky inflation may slow the pace of easing.<\/p>\n\n\n\n Markets are also awaiting Friday\u2019s U.S. core PCE data<\/strong>, the Fed\u2019s preferred inflation gauge, which could shape the next leg for crypto markets.<\/p>\n\n\n\n Adding to industry caution, Reuters reported that the China Securities Regulatory Commission<\/strong> informally instructed mainland brokerages to halt real-world asset tokenization<\/strong> efforts in Hong Kong. The move, aimed at tightening oversight and ensuring legitimate backing for tokenized products, highlights Beijing\u2019s concern over rapid growth in offshore digital finance.<\/p>\n\n\n\n Broader crypto markets remained under pressure Tuesday. Ethereum<\/strong> was down 1.8% at $4,190.4<\/strong>, after Monday\u2019s sharp 9% drop. XRP<\/strong> edged 0.4% higher to $2.87<\/strong> after hitting a three-week low. Solana<\/strong> fell 3.8%, Cardano<\/strong> dropped 2.2%, and Polygon<\/strong> lost 3%. Among memecoins, Dogecoin<\/strong> slipped 1.7%, while $TRUMP<\/strong> tumbled 5.7%.<\/p>\n","protected":false},"excerpt":{"rendered":" Bitcoin traded largely unchanged on Tuesday, extending pressure from a massive $1.5 billion wipe-out in crypto derivatives a day earlier, while investors braced for fresh volatility tied to one of the largest ever options expiries. Crypto Sell-Off Wipes Out Leverage The world\u2019s biggest cryptocurrency last slipped 0.1% to $112,711.6 as of 01:55 ET, hovering near …<\/p>\n","protected":false},"author":9,"featured_media":108592,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[40,6827,49,36],"tags":[],"class_list":["post-119149","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-cryptocurrencies","category-daily-economic-reports","category-economic-reports","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/119149","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=119149"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/119149\/revisions"}],"predecessor-version":[{"id":119150,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/119149\/revisions\/119150"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/108592"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=119149"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=119149"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=119149"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Options Expiry Adds to Caution<\/h4>\n\n\n\n
China Flags Risks Over Tokenization<\/h4>\n\n\n\n
Altcoins Struggle to Recover<\/h4>\n\n\n\n