Bitcoin's open interest for options contracts reached nearly $25 billion, indicating growing institutional bullishness on the cryptocurrency. This surge in interest suggests that institutional investors are increasingly confident in the future of Bitcoin and could potentially drive up its price. The speculation is fueled by the recent re-election of Donald Trump, which has boosted the cryptocurrency market and is expected to continue pushing Bitcoin's price higher. Some experts believe that Bitcoin could reach $100,000 by the end of the year, driven by upcoming developments in Trump's cabinet appointments. However, it remains uncertain how the incoming administration will prioritize the crypto industry and sustain the rally in the new year.



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