BTC Drops 2.37% as $10.1B Options Expiry and US Tariff Policies Drive Volatility

Bitcoin is currently trading at $105,904.76 on Binance, reflecting a 2.37% decline over the past 24 hours, with a 24-hour trading volume of approximately $28.21 billion and a circulating supply of about 19.8 million BTC. The recent price decrease is attributed to ongoing market uncertainty stemming from renewed US tariff policies, bearish sentiment indicated by ETF outflows and futures activity, and anticipation surrounding the expiration of $10.1 billion in BTC options on Deribit, which has contributed to heightened volatility and selling pressure in the market.