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Orbit Markets: The psychological barrier of $100000 BTC is approaching, and the options market indicates that the expected price will rise rapidly

2024-11-21 11:31

Odaily Planet Daily News: Caroline Mauron, co-founder of crypto derivatives liquidity provider Orbit Markets, said, "The huge psychological barrier of $100000 is already within reach." She added that the bets in the Bitcoin options market indicate that "the market expects prices to rise rapidly. The current optimism has diluted people's memories of the market crash in 2022, which exposed fraud and other risky behavior in the cryptocurrency industry and led to the collapse of platforms including SBF's FTX exchange, while he himself was also imprisoned. This turmoil has triggered a series of tough enforcement actions by the US Securities and Exchange Commission (SEC), and the industry expects this suppression to gradually disappear under the Trump administration. (Bloomberg)

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