While a 31% rally to $50,000 in two weeks may be challenging to envision, it is far from impossible, given bitcoin’s prior rallies.
The eye-watering strike option supplants the company’s previous $300,000 maximum offering listed on Jan. 9.
The folks over at Deribit apparently think the recent explosion in the price of bitcoin (BTC) from $20,000 to around $32,000 in just over a month, including a 10% rise in the last 24 hours, merits offering traders the ability to bet on a rally to $200,…
Bitcoin’s price jumped to fresh 11-month highs on Friday with the options market betting on a sustained bull move.
Exchange Deribit has more than doubled on its previous daily record with well over $500 million worth of bitcoin options traded.
The likelihood of bitcoin challenging 2017’s record high by the end of this year may have just nudged up – but don’t raise your hopes too high just yet.
Data from major exchanges shows that open interest in ether options rose to a new lifetime high of $194 million on Tuesday.
Bitcoin volatility drops to historic lows as the cryptocurrency stays just above $9,000.
Options market data suggests bitcoin could become more volatile than ether over the next three months.