Bloomberg: Bitcoin continues to rise, options traders target record highs

Bloomberg reported that Bitcoin has risen for the seventh consecutive day, with options traders increasing bets that this digital asset will soon surpass its end-of-2021 high. Bitcoin's price has risen to $62,694, up more than 20% since last Friday, marking the largest weekly gain in a year. Bitcoin hit a historic high of nearly $69,000 in November 2021. "Activity around Bitcoin options has increased significantly, 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 trends and market volatility."