Bitcoin price hit a new all-time high above $76,850, and multiple data points suggest that the rally has room to run higher.
Bitcoin Options news
Bitcoin options and futures markets display moderate optimism after a new BTC all-time high, which could be indicative of new price highs.
Bitcoin has broken past the $73,800 mark for the first time since March 13, as the battle to become the next United States president rages on.
Bitcoin price rallies within $200 of a new all-time high as several fundamentals point to the crypto bull marking picking up pace.
Traders who bet the crypto market would keep rising have suffered a the second largest day of liquidations this month as Bitcoin and Ether both slid on the day.
To confirm a potential breakout from its current crab walk, Bitcoin needs to close the week above $68,700, according to market analysts.
Traders believe that the approval of options for Bitcoin exchange-traded funds will inject much-needed liquidity into the markets.
The USDT issuer needs ways to deploy billions of dollars in profits, and commodity traders could benefit from expanded credit.
The securities regulator authorized Bitcoin options to list on BlackRock’s spot BTC ETF in September.
Arkham Intelligence’s token, ARKM, is up more than 16% on the news, according to CoinGecko.