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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 European hours having failed to keep gains above $29,000 on Thursday, CoinDesk data show. At 08:00 UTC, Deribit, the world’s largest crypto options exchange by trading volumes and open interest, settled bitcoin options worth over $4 billion.

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