Bitcoin reaches new all-time high as investors bet on prices exceeding $90,000
cnbc.com —
Bitcoin reached a new all-time high near $81,000, with over $2.8 billion in bets on its price exceeding $90,000. This surge follows the recent U.S. elections, which saw more pro-crypto candidates elected. Futures premiums for bitcoin have increased significantly, indicating strong investor confidence in continued price growth. The options market shows a preference for call options, suggesting expectations of further gains. Trading activity has also risen in perpetual swaps, allowing speculation without expiration dates. However, weekend trading liquidity is lower, which can lead to exaggerated price movements that may correct when markets reopen.