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MARKETS DAILY: Crypto Update | Will Bitcoin Soar After Trump's Inauguration?

Jan 6, 2025

Recent bullish sentiment around Bitcoin is heating up, with traders eyeing call options at striking prices of $100,000 and $120,000. Speculation about the new presidential administration's pro-crypto policies is driving optimism. The conversation urges caution amidst this volatility while highlighting a possible surge in Bitcoin's value. Tune in for insights on how political shifts can impact crypto prices!

04:14

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Quick takeaways

Recent bullish trades in bitcoin call options on Deribit indicate increased trader confidence in BTC potentially exceeding $100,000 and $120,000.

The anticipated pro-crypto policies under President Trump may create a favorable environment for innovation and growth in the cryptocurrency market.

Deep dives

Bullish Sentiment Around Bitcoin and Options Trading

Bitcoin's recent surge above $100,000 reflects growing bullish sentiment in the cryptocurrency market. A significant trade on the Deribit exchange, where a trader purchased over $6 million in call options with a $100,000 strike price, suggests strong conviction for future price increases. Additionally, there is notable interest in $120,000 call options, indicating that traders anticipate a price rally. These trades serve as indicators of potential market movements and hint at a seismic shift in dynamics that could elevate Bitcoin to new heights.

Bitcoin Surge and Speculative Sentiments Ahead of Presidential Inauguration

4min

The latest price moves and insights with Jennifer Sanasie.

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Options market sees renewed action in bitcoin call options at $100,000 and $120,000 strikes on Deribit, a signal that traders are bullish on BTC price after Donald Trump’s inauguration on Jan. 20. "Markets Daily" host Jennifer Sanasie weighs in on the optimistic outlook for bitcoin under the Trump administration.

This content should not be construed or relied upon as investment advice. It is for entertainment and general information purposes.

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This episode was hosted by Jennifer Sanasie. “Markets Daily” is produced by Jennifer Sanasie and edited by Victor Chen. All original music by Doc Blust and Colin Mealey.

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