Bitcoin ended the week lower amid investor risk aversion amid the ongoing Iranian war. However, the main downward pressure is largely driven by the war and ongoing inflation. Ethereum, the world's second-largest cryptocurrency after Bitcoin, fell 3.86% to $1,985.91, recording a decline. The latest downward wave was exacerbated by the expiration of massive option contracts worth $14.16 billion on Friday, leading to the liquidation of long positions worth over $115 million in just one hour. This leading digital currency fell 4.13% to trade at $66,030.2, after a short-lived rally driven by earlier session news.
