CandleFocus ? The Historic Moment Has Arrived: Bitcoin Price Exceeds $80,000 – Here’s the Latest Information and Expectations
2024-11-10
Author: Content Editor
Bitcoin (BTC) has reached $80,000, rising 16% in a week and reaching its highest level since February. The increase comes after Donald Trump's US presidential win, leading to optimism for regulatory clarity in the cryptocurrency space. The rise in BTC has caused the annualized rolling premium on futures to reach its highest level since June, suggesting bullishness among investors. Options markets are also seeing increased activity, with open interest in an $80,000 BTC call option reaching over $1.6 billion. However, there is a risk of sharp price swings if BTC remains above $80,000 due to negative gamma intensity.
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