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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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Bitcoin surged to a record high of $81,000, with investors seeing further growth following
00:07pro-crypto wins in U.S. elections. Open interest for BTC surpassing $90,000 exceeded $2.8 billion.
00:16The options market shows a strong bias toward continued gains in Bitcoin,
00:20with call options trading at a premium and increased interest in the out-of-the-money calls.
00:25A call option allows the buyer to purchase an asset at a set price within a specific time.
00:30Betting on a price increase, President-elect Donald Trump
00:34pledged to make the U.S. the crypto capital by creating a national crypto stockpile
00:38and cutting interest rates, a move that could boost crypto prices.