Bloomberg: Bitcoin Rises for Seven Consecutive Days, Options Traders Set Targets at Record Highs

ChainCatcher news, according to Bloomberg, Bitcoin has risen for the seventh consecutive day, with options traders increasing bets that this digital asset will soon surpass its late 2021 peak.

The price of Bitcoin has risen to $62,694. It has increased by more than 20% since last Friday, marking the largest weekly gain in a year. Bitcoin previously reached an all-time high of nearly $69,000 in November 2021.

"The activity around Bitcoin options has significantly increased, driven by the recent surge in BTC prices," said Aakash Desai, head of options trading at B2C2. "This has led to increased bets on future price movements and market volatility."