Trump’s Pledge to Make US 'Crypto Capital Sparks Bitcoin Rally, Price Hits $81,000 Record High. Premiums on Call Options for Further Gains.

2024-11-11 55

Bitcoin surged to a record high of $81,000, with investors seeing further growth following pro-crypto wins in U.S. elections. Open interest for BTC surpassing $90,000 exceeded $2.8 billion. The options market shows a strong bias toward continued gains in Bitcoin, with call options trading at a premium and increased interest in out-of-the-money calls.  A call option allows the buyer to purchase an asset at a set price within a specific time, betting on a price increase. President-elect Donald Trump pledged to make the U.S. the crypto capital by creating a national crypto stockpile and cutting interest rates, which could boost crypto prices.

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