Bitcoin price rallies within $200 of a new all-time high as several fundamentals point to the crypto bull marking picking up pace.
Bitcoin Options news
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.
Crypto is second only to equities and for millennial investors it tops the list, the survey said.