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Bitcoin's Price Surge Sparks Speculation of $50,000 Milestone

1 min read
Source: Bloomberg
Bitcoin's Price Surge Sparks Speculation of $50,000 Milestone
Photo: Bloomberg
TL;DR

Options traders are placing bets that Bitcoin will reach $50,000 by January, coinciding with expectations of the SEC allowing exchange-traded funds to hold the cryptocurrency. The largest open interest for call options to buy Bitcoin at that price level is observed, indicating bullish sentiment among traders. Calls provide the right to purchase the underlying asset at a specific price within a set time period.

Topics:businesscryptocurrency#bitcoin#cryptocurrency#cryptocurrency-market#exchange-traded-funds#options-trading#sec
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  1. Bitcoin (BTC) Could Reach $50,000 by January, According to Options Bets  Bloomberg
  2. Bitcoin is up and the zealots are back  Yahoo Finance
  3. Bitcoin's bounceback déjà vu - Cryptocurrencies  Financial Times
  4. Bitcoin hype will clash with the Rolex recession  Moneycontrol

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