Bitcoin Price Drops Below $28K as Options Expire, Traders Borrow WBTC From Aave

The leading cryptocurrency by market value slipped by 1% to $27,546 during the European trading session, having failed to keep gains above $29,000 on Thursday, CoinDesk data shows. At 08:00 UTC, Deribit, the world’s largest crypto options exchange by trading volume and open interest, settled bitcoin options worth over $4 billion.