Close Menu
Global News HQ
    What's Hot

    A NYC Heat Wave and 100+ Degrees In Vegas Were No Match for This Tinted Sunscreen

    June 30, 2025

    H1 2025 Hacks Hit $2.1B Record, Led by North Korean Actors: Report

    June 30, 2025

    One of the World’s Largest Alcohol Companies Isn’t Giving Up on Wine

    June 30, 2025
    Recent Posts
    • A NYC Heat Wave and 100+ Degrees In Vegas Were No Match for This Tinted Sunscreen
    • H1 2025 Hacks Hit $2.1B Record, Led by North Korean Actors: Report
    • One of the World’s Largest Alcohol Companies Isn’t Giving Up on Wine
    • SCOTUS Decision on Nationwide Injunctions: Trump v. Casa and Its Impact on Federal Litigation
    • What’s Worse than Lost FBA Inventory? When Amazon Finds It
    Facebook X (Twitter) Instagram YouTube TikTok
    Trending
    • A NYC Heat Wave and 100+ Degrees In Vegas Were No Match for This Tinted Sunscreen
    • H1 2025 Hacks Hit $2.1B Record, Led by North Korean Actors: Report
    • One of the World’s Largest Alcohol Companies Isn’t Giving Up on Wine
    • SCOTUS Decision on Nationwide Injunctions: Trump v. Casa and Its Impact on Federal Litigation
    • What’s Worse than Lost FBA Inventory? When Amazon Finds It
    • Understanding Small Business Customer Expectations for Success
    • Mastercard Is One of the Largest Financial Companies by Market Cap. But Is It a Buy? | The Motley Fool
    • I’ve Lived in Tokyo for 20 Years and This Is My No. 1 Travel Tip for Anyone Visiting Japan
    Global News HQ
    • Technology & Gadgets
    • Travel & Tourism (Luxury)
    • Health & Wellness (Specialized)
    • Home Improvement & Remodeling
    • Luxury Goods & Services
    • Home
    • Finance & Investment
    • Insurance
    • Legal
    • Real Estate
    • More
      • Cryptocurrency & Blockchain
      • E-commerce & Retail
      • Business & Entrepreneurship
      • Automotive (Car Deals & Maintenance)
    Global News HQ
    Home - Cryptocurrency & Blockchain - Bitcoin, Ethereum and XRP Prices Spooked by ‘Triple Witching’ Volatility – Decrypt
    Cryptocurrency & Blockchain

    Bitcoin, Ethereum and XRP Prices Spooked by ‘Triple Witching’ Volatility – Decrypt

    Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp VKontakte Email
    Bitcoin, Ethereum and XRP Prices Spooked by ‘Triple Witching’ Volatility – Decrypt
    Share
    Facebook Twitter LinkedIn Pinterest Email



    Bitcoin, along with most top coins, has taken a dip as investors brace for a “triple witching” dose of market volatility.

    At the time of publication, Bitcoin’s price has shed 2.4% since yesterday, slipping below $84,000. The Ethereum price followed it, also dropping 2.4% to trade for $1,948.93, according to CoinGecko data.

    ETH hasn’t been this low since November 2023, right before a Bitcoin rally helped it climb out of a months-long trough and back above $2,000.

    The XRP price has dropped by 5.2% since yesterday. Earlier this week, XRP saw a huge surge after Ripple Labs CEO Brad Garlinghouse said the SEC will soon drop its lawsuit against the company—though the regulator has yet to file paperwork to do so, and declined to comment on the matter when asked by Decrypt.

    What is triple witching?

    Triple witching describes the simultaneous expiry of stock index futures, stock index options, and stock options in traditional markets.  Today marks the first of four such events in 2025.

    They always occur on the third Friday of March, June, September, and December.  They’re known to set off heightened volatility as traders rush to adjust and close positions before contracts settle at the end of the day.

    In rare events, it coincides with the expiry of single-stock futures and creates a quadruple witching day. But investors are being spared that level of tumult today.

    Today’s “triple-witching” will see about $4.5 trillion worth of contracts tied to stocks, indexes and exchange-traded funds expire, according to estimates from Citigroup analysts.

    As a measure of traditional market unrest, the Chicago Board Options Exchange’s CBOE Volatility Index, or VIX, has already risen to 5.6% since yesterday’s close. Although, to be fair, the VIX’s current 20.78 rating is well below the spike to 29.07 seen at the start of last week amid roiling global trade issues.

    As for crypto markets, Glassnode analysts noted in a recent report that the Bitcoin options market shows traders are increasingly looking to mitigate the risk of BTC taking a dive.

    “The Volatility Smile shows that puts are trading at a higher premium than calls, signaling risk-averse positioning as investors hedge against further downside”

    Zooming out, CryptoQuant noted in a recent weekly report that its Bitcoin Bull Score has dropped to a 2-year low.

    “Bitcoin’s down 23% from its peak, and history shows strong rallies only happen when the score is above 60,” the analysts wrote. “Extended low scores often come with bear markets.”

    Bitcoin Bull Score is at a two-year low of 20.

    Bitcoin’s down 23% from its peak, and history shows strong rallies only happen when the score is above 60.

    Extended low scores often come with bear markets. pic.twitter.com/3OK5g9gibN

    — CryptoQuant.com (@cryptoquant_com) March 20, 2025

    Among users of decentralized prediction market MYRIAD (launched by Decrypt‘s parent company DASTAN), optimism around Bitcoin’s price appears to have slipped, with just over 60% now expecting Bitcoin to hold above $83,000 by the end of the week, down from over 75% on Thursday. Around 57% of MYRIAD users also expect the Bitcoin Fear and Greed Index, a measure of sentiment, to remain below 36 by March 25.

    Edited by Stephen Graves.

    Daily Debrief Newsletter

    Start every day with the top news stories right now, plus original features, a podcast, videos and more.





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email
    Previous ArticleS&P heads for fifth week of declines as earnings drag down stocks
    Next Article Find your stuff and keep your sanity: Snag an Apple AirTag for $24

    Related Posts

    H1 2025 Hacks Hit $2.1B Record, Led by North Korean Actors: Report

    June 30, 2025

    Bitcoin Consolidating Below $108,000 But Eyes $115,000 Target

    June 29, 2025

    US entrepreneur Hayden Davis testifies in LIBRA case in New York as legal proceedings advance

    June 29, 2025

    27% of Koreans aged 20–50 hold crypto, 70% eye more investments: Report

    June 29, 2025
    Leave A Reply Cancel Reply

    ads
    Don't Miss
    Health & Wellness (Specialized)
    3 Mins Read

    A NYC Heat Wave and 100+ Degrees In Vegas Were No Match for This Tinted Sunscreen

    Admittedly, I don’t apply sunscreen enough. I always thought my skin was invincible to the…

    H1 2025 Hacks Hit $2.1B Record, Led by North Korean Actors: Report

    June 30, 2025

    One of the World’s Largest Alcohol Companies Isn’t Giving Up on Wine

    June 30, 2025

    SCOTUS Decision on Nationwide Injunctions: Trump v. Casa and Its Impact on Federal Litigation

    June 30, 2025
    Top
    Health & Wellness (Specialized)
    3 Mins Read

    A NYC Heat Wave and 100+ Degrees In Vegas Were No Match for This Tinted Sunscreen

    Admittedly, I don’t apply sunscreen enough. I always thought my skin was invincible to the…

    H1 2025 Hacks Hit $2.1B Record, Led by North Korean Actors: Report

    June 30, 2025

    One of the World’s Largest Alcohol Companies Isn’t Giving Up on Wine

    June 30, 2025
    Our Picks
    Health & Wellness (Specialized)
    3 Mins Read

    A NYC Heat Wave and 100+ Degrees In Vegas Were No Match for This Tinted Sunscreen

    Admittedly, I don’t apply sunscreen enough. I always thought my skin was invincible to the…

    Cryptocurrency & Blockchain
    3 Mins Read

    H1 2025 Hacks Hit $2.1B Record, Led by North Korean Actors: Report

    A new report by TRM Labs has revealed that 2025 has had the worst ever…

    Pages
    • About Us
    • Contact Us
    • Disclaimer
    • Homepage
    • Privacy Policy
    Facebook X (Twitter) Instagram YouTube TikTok
    • Home
    © 2025 Global News HQ .

    Type above and press Enter to search. Press Esc to cancel.

    Go to mobile version