Information Technology
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 , , 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."
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/
#Bybit /#BybitResearch #BTC100K
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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View original content: https://www.prnewswire.co.uk/news-releases/bitcoin-breaks-100k-amid-market-volatility-november-option-volatility-report-by-bybit-and-block-scholes-302324873.html