BTC psychological barrier of $100,000 is within reach, and options market indicates expectations of rapid price increases

“The huge psychological barrier of $100,000 is within reach,” said Caroline Mauron, co-founder of crypto derivatives liquidity provider Orbit Markets. She added that bets in the bitcoin options market show that “the market expects prices to rise quickly.” The current optimism has faded memories of the 2022 market crash, which exposed fraud and other risky behavior in the cryptocurrency industry and led to the collapse of platforms including Sam Bankman-Fried’s FTX exchange, and he was jailed. The turmoil triggered a series of tough enforcement actions by the U.S. Securities and Exchange Commission (SEC), and the industry expects that this suppression will gradually fade under Trump. (Bloomberg)