As the week draws to a close, many cryptocurrency markets are beginning to show signs of recovery. The Bitcoin price is one such market, and the gains it has made over the past week are likely to continue as the weekend progresses. At the time of writing, the price of Bitcoin is nudging $4540, and its price is 14% higher than the week’s average.
A recent study done in Italy by the Department of Economics and Management of Bocconi University predicted that BitCoin’s price will not just break $50,000 in the next few months, but that the cryptocurrency will surpass the $100,000 mark by the end of 2017.Bitcoin options shows 30% chance of BTC trading above $50,000 next month Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Start Earning Interest Edge › Bitcoin › Analysis The options market shows a glimmer of where Bitcoin could go next. Shaurya Malwa · June 16, 2021 at 2:00 am UTC · 3 min read Options data suggest Bitcoin has a small chance to trade above the $50,000 price level at the end of next month, data from multiple sources shows. On Options and how they affect the market ‘Options’ are a financial instrument that derives their value from an underlying asset for a relatively small upfront investment (called a ‘premium’). To read the rest of this article, sign in or join Edge.
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