Bloomberg: Bitcoin continues to rise, options traders are targeting record highs
On March 1, Bloomberg reported that Bitcoin rose for a seventh consecutive day, with options traders increasing bets that the digital asset will soon surpass its late-2021 highs. Bitcoin price rose to $62,694. It's up more than 20% since Friday, its biggest weekly gain in a year. Bitcoin hit an all-time high of nearly $69,000 in November 2021. “There has been a significant increase in activity around Bitcoin options, driven by the recent surge in BTC prices,” said Aakash Desai, head of options trading at B2C2. "This has led to increased bets on future price movements and market volatility."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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