0 reply
0 recast
0 reaction
'Triple Witching' and Its Impact on Markets
Today is the "triple-witching" day, when about $4.5 trillion worth of derivatives contracts on stocks, indexes and ETFs expire.
The event typically causes volatility, forcing traders to adjust positions before the contracts expire.
Bitcoin, Ethereum and XRP prices fall
Bitcoin fell 2.4% to below $84,000.
Ethereum also fell 2.4% to $1,948.93, its lowest since November 2023.
XRP fell the most, 5.2%, after rumors that the SEC would drop its lawsuit against Ripple Labs.
Volatility Index (VIX) slightly rose
The VIX rose 5.6% to 20.78, but remained below its peak of 29.07 earlier last week. 0 reply
0 recast
0 reaction
