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  • A.R.T Digital Team

Bitcoin rally stokes $50k speculation over spot ETF anticipation

block chain

Bitcoin (BTC-USD) surged by nearly 16% in the past week, surpassing the $44,000 (£35,000) mark on Wednesday, reaching a multi-year high.

Crypto derivatives traders are speculating on bitcoin's value appreciating in early 2024, according to Velo Data. The most traded group of options in the past 24 hours has been for calls at the strike price of $50,000 for the end of January expiry date.

Source - Yahoo! Finance.


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