Bitcoin crosses $81,000, ETH, SOL, DOGE steady as options desks bid on further price jump
CoinDesk
Bitcoin surpassed $81,000 as options traders position for further gains, despite broader geopolitical tensions and mixed performance among other major cryptocurrencies.Summary
Bitcoin climbed above $81,000 during Asian trading hours, marking its highest level since late January. While other major assets like Ether, Solana, and XRP experienced minor fluctuations, market participants are increasingly positioning for continued upside through strategic call options. Despite ongoing geopolitical volatility involving U.S.-Iran tensions and oil price movements, traders are utilizing call ratio strategies to hedge and bet on further price growth, with a shift to positive market sentiment anticipated if the current breakout persists.
(Source：CoinDesk)