Market Wrap: Bitcoin Blows Past $36.1K While Traders Clamor for Ether Options
Bitcoin hit another all-time high today while ether traders are paying royally to get in on the options action.
The strike option supplants the company's previous $300,000 maximum offering listed on Jan. 9.
Back in October, one trader made a long-shot bet that bitcoin would hit $36,000 by January. It paid off in a spectacular way.
Bitcoin has been trending higher for two days but ether is in the spotlight now.
$14.5 billion in bitcoin options have traded on Deribit in the first two weeks of 2021.
It supersedes the $200,000 option on Deribit as the maximum one can wager.