Will crypto options expiry more selloffs after $1 billion in Bitcoin, ETH, SOL, XRP, DOGE and altcoins liquidations?

Rental Coins, a collapsed Brazilian crypto company, has filed for Chapter 15 bankruptcy in the U.S. to help it recover assets, Bloomberg Law recently reported. Chapter 15 is designed for cross-border insolvency cases, allowing foreign companies undergoing bankruptcy proceedings abroad to protect their U.S.-based assets.

Speculation rises as Bitcoin nears its demand zone – Bitcoin price prediction now points to an $86K pivot fueling market FOMO.

Bitcoin price dipped as low as $85,422 on November 21, as of 9:00 a.m. The price continues to hover just above $85,000 levels dampened by hopes for another US rate cut in December. That’s a significant fluctuation of almost 8 percent in the last 24 hours, and the lowest since April when it declined just below $75,000.

Bitcoin, the world’s largest cryptocurrency, was back below $90,000 on Wednesday — a level last seen in the wake of President Trump’s April 2 “liberation day” tariffs that pummeled stocks and riskier corners of financial markets.

Bitcoin’s modest rebound after its drop from $89,000 lifted several crypto-exposed stocks, despite broader market uncertainty.

Bitcoin has been tumbling in recent weeks as investors have become increasingly concerned about high valuations in the stock market.

The total crypto market cap slipped below $3 trillion on Nov. 20 as the digital assets market continued to reel. As per onchain analytics firm CoinGlass, more than 215,000 crypto traders have been liquidated and over $820 million has been wiped out from the market.