Bitcoin 
$94,545 experienced a 4% drop, failing to maintain the critical support level of $100,000. The price fell to a daily low of $92,785. This decline was recorded as the largest loss following Donald Trump’s return to the presidency, with BTC trading around $94,512 at press time. Daily trading volume surged by 60% to reach $84.84 billion.
Options Expiration and Reasons Behind the Decline
The drop in Bitcoin’s value can be attributed to several factors. Bitcoin options worth $9.4 billion are set to expire on Friday, triggering market volatility. According to Deribit data, the maximum pain point was identified at $78,000. Additionally, Trump’s new tariffs on imports from China, Mexico, and Canada have exerted selling pressure in the markets. Reports indicate that this decision negatively impacted U.S. stock futures.
Market experts believe this decline stems from overbought levels for Bitcoin. IG Markets analyst Tony Sycamore noted that the price is undergoing a “healthy correction.” However, according to Credibull Crypto, movements below $94,000 could pose …
