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Bitcoin Options Hit All-Time Highs As Cryptocurrency's Price Breaks Past $13,000

Emily Mason

Summary: Bitcoin's price pump following payments giant PayPal's embrace of cryptocurrencies this week has brought the options market to new heights, as reported by The Block. Bitcoin's price has broken above the $13,000 level for the first time since 2019 this week following the news PayPal will allow customers to buy, sell and hold cryptocurrencies using ...

Bitcoin's price pump following payments giant PayPal's embrace of cryptocurrencies this week has brought the options market to new heights, as reported by The Block.

Bitcoin's price has broken above the $13,000 level for the first time since 2019 this week following the news PayPal will allow customers to buy, sell and hold cryptocurrencies using their accounts. Aggregate open interest has similarly taken off with open interest across bitcoin options nearing $2.5 billion.

The aggregate open interest, which represents the total number of outstanding positions, is currently $2.48 billion, according to data from The Block.

By Emily Mason

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Link: Bitcoin Options Hit All-Time Highs As Cryptocurrency's Price Breaks Past $13,000   [Copy]
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