Bitcoin Breaks $100K Amid Market Volatility: November Option Volatility Report by Bybit and Block Scholes

Ethereum (ETH) continues to gain traction, bolstered by pivotal market events, including the resignation of SEC Chair Gary Gensler.

The report captures the nuanced interplay of volatility, trader sentiment, and macroeconomic factors shaping the crypto market's future. Key takeaways include:

Commenting on Bitcoin's milestone achievement of $100K, Shunyet Jan, Head of Institution at Bybit, emphasized the pivotal role of recent political developments in driving the surge.

"The recent rally can largely be attributed to Trump's pick of Paul Atkins, a former SEC Chair and a vocal crypto supporter. This announcement has significantly bolstered institutional confidence in the crypto space," said Jan.

Jan further highlighted the shift in sentiment among traditionally crypto-cautious institutions:

"Many institutions that were previously hesitant about crypto have now reached out to explore opportunities. They are actively engaging with us to onboard and propose various custodial solutions. This marks a transformative moment in the institutional adoption of cryptocurrency, with Bitcoin's $100K milestone serving as a critical inflection point."

Access the Full Report:

Gain deeper insights and explore the potential impacts on your crypto trading strategies by downloading the full report here: https://learn.bybit.com/crypto-insight/november-option-volatility-report/

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About Bybit

Bybit is the world's second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One's reigning Constructors' and Drivers' champions: the Oracle Red Bull Racing team.

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