TLDR Crypto · MARKETS & BUSINESS

BITCOIN PRICE TOPS $80K AS FUTURES PREMIUM SOARS AND $1.6B IN OPEN OPTIONS BET HINTS BIG SWINGS

coindesk.com1 min read

Summary from the TLDR Crypto newsletter

Bitcoin hit a new all-time high of $80,000, leading to a total weekly gain of 15%. The premium on futures contracts, which give the buyer the right to buy Bitcoin at a future date for a set price, has soared, indicating a continued bullish sentiment.