Bitcoin News: BTC/USD Stability Under Scrutiny as Crypto Market Dips; Technical Analysis Provides Insights

The cryptocurrency market, led by Bitcoin, has experienced a slight dip, prompting traders to question the stability of BTC/USD above $86K. Here’s a closer look at the market dynamics and technical analysis insights.

Will BTC USD Hold $86K? Why Is Crypto Down Today?

Bitcoin holds $87K but the broader crypto market dips 2.7%. Tariffs and Bitcoin ETF outflows are hitting prices, and traders are questioning whether BTC/USD will stay above $86K. The Bitcoin price is stable, rejecting bearish attempts over the past two trading days. According to Coingecko, the total crypto market cap is $2.9 trillion. Technical analysis suggests Bitcoin has support at around $86,000 and resistance at $89,000 and $90,000. If Bitcoin continues to soak up attempts to push prices lower, it may anchor the next wave of higher highs.

Bitcoin Options Worth $12 Billion Expire Tomorrow—Here’s What It Means

A significant event in the crypto market is approaching as $12 billion worth of Bitcoin options contracts expire tomorrow. Deribit, a derivatives exchange, will see one of its largest quarterly expiries, with 45% of open options contracts affected. The exchange currently has $27 billion worth of open interest in Bitcoin contracts, with a put/call ratio slightly pessimistic at 0.52. Luuk Strijers, CEO of Deribit, expects volatility to be subdued despite the large expiry.

Bitcoin Options Expiry Tomorrow; Volatility Expected to be Subdued

Although $12 billion worth of Bitcoin options contracts expire tomorrow, one of the largest quarterly expiries that derivatives exchange Deribit has seen, CEO Luuk Strijers expects volatility to be subdued. On Deribit alone, the March 28 expiry affects 45% of the open options contracts on the platform. The exchange currently has $27 billion worth of open interest in Bitcoin contracts, with the put/call ratio skewing slightly pessimistic at 0.52.

Bitcoin Faces 70% Odds of Another Drop Due to Tariff Fears, Nansen Says

As the risk of tariff-related uncertainty persists into the second quarter, the crypto market could face another dip following the recent correction in March. According to Nansen’s analysts, there’s a 70% likelihood that the market may face another correction in the weeks after April 2. President Donald Trump had earlier promised to roll out new tariffs on April 2, which could cause further volatility in the market. Bitcoin (BTC) and the wider crypto market could be affected by this uncertainty.

GameStop Plans To Raise $1.3 Billion To Fuel Bitcoin Buying Spree

Video game and consumer electronics retailer GameStop announced its intention to issue $1.3 billion of convertible senior notes to fund its new Bitcoin acquisition plan. Following the strategy of Michael Saylor’s Bitcoin-buying company, GameStop aims to add the leading cryptocurrency as a treasury reserve asset. The convertible notes offered by the company do not have interest payments and can be converted into GameStop’s class A common stock at a later date.