The rise of Bitcoin slows down after the expiration of 1.56 options worth tens of billions of dollars while XRP and Solana continue to level up

What happened to Bitcoin?

Bitcoin (BTC) ( Bitcoin ) declined by around 0.9% or about 1% from its previous closing price, to an approximate 83,600 US dollar level on Friday after peaking during the close,87,000 a US dollar high that had not been touched for months and after breaking through 75,000 to 81,000 several weeks of devaluation.

Why is the price on the graph still intact?

Friday's pressure partly came from bitcoin options valued at US$7 billion expiring on Deribit . Traders often adjust risk protection positions as the option moves to maturity, so that prices are crossed by a main trend without necessarily losing steady position.14.39% And 24-hour trading volumes declined.13.68% The nearby buy-side and sell-side clearing ports of $10 million USD and $11 million USD indicate that rates are being tested for underlying rather than unilateral trades.161.96

On the technical side, traders looking at the graph are not panicking because the 50-day moving average is still above the 200-day golden cross's moving average making the daily picture even more volatile. Myriad has been open to questions about how far bitcoin can go and what the Federal Reserve will do next, but the direction of Fed interest rates could also change this outlook.

How did interest rates and inflation change expectations?

The Federal Reserve raised interest rates 25 basis points to the accommodative level3.75% on September 164% for the first time since2023 but also purchased short-term government bonds in order to preserve the bank's liquidity, causing a less severe tightening and risky assets were still bought.

But the relief did not last long after the meeting, as Federal Reserve Chairman Kevin Warsh sent a dot plot that averaged interest rates would remain at 4.1% through the end of the year 2027, indicating one more rate hike was possible, while Federal Reserve Governor Michael Barr said on September 23 that additional policy adjustments may be needed with core PCE reporting close to its four-year high,3.4% allowing for an approximate October rate increase75% according to CME's FedWatch and68.5% on Myriad Markets which is clearly in reverse direction from the post-September meeting.

ETF And what is the market sentiment?

The fund ETF spot bitcoin flowed another 299.09 million US dollars on Friday, but it was less than the previous day's inflows in the same week, indicating that buying forces began to cool down not accelerate. The total crypto market value stood at 2.87 trillion US dollars, falling from a level of more than 3 trillion USD while fear and greed index fell to 72 from its peak 79 is still greed zone but less excited

XRP And how did Solana win the market?

The top 10 cryptocurrencies mostly followed Bitcoin in the 24-hour period, with Ethereum close to its original price BNB declining 0.81% while TRON and Hyperliquid were negative but XRP both Solana remained solid and won the market overall.

XRP up4.37% over the day and 15.45% in a seven-day period close to 1.58 U.S. dollars, with market capitalization of US$99 billion.XRPETF The spot type had cash inflows for nine consecutive days totaling US$29 billion at the end of August and continues to flow, reflecting increasing institutional interest.2.87

Solana rose 3.36% over the course of a day and 9.33% within seven days was at about US$32. The $70 billion market cap Alpenglow Upgrade reduced final closing time to around 150 milliseconds through an validator regulatory vote by a landslide score, although the opening date for mainnet is still uncertain. Meanwhile,ETF spots from Fidelity, Grayscale and VanEck's Solana , which launched in November2025 continued to flow into the upgraded narrative.[34]

The impact on readers in Thailand and Myanmar

In Thailand, US dollar quoted prices are transmitted as baht ( THB ) when trading through the SEC (Thailand) regulated platforms such as Bitkub , which must disclose information and fees under investor protection laws. Meanwhile, price trackers may use held value assessments or cross-border value transfer activities but have to take into account local legal constraints and the nature of the channels used.

A number to keep an eye on.

September's Personal Consumption Expenditures inflation data will be released on September 30, followed by the September employment report on October 2, which could adjust Federal Reserve interest rate expectations and change the tone of crypto markets in the fourth quarter quickly.