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Bitcoin Options on Deribit Now Go to $200K After Recent Surge

Deribit is now offering traders the ability to bet on bitcoin's rally reaching $200,000 by late December.

Ni Kevin Reynolds
Na-update Set 14, 2021, 10:51 a.m. Nailathala Ene 3, 2021, 12:32 a.m. Isinalin ng AI
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The folks at Deribit apparently think the recent explosion in the price of bitcoin BTC$76,598.07 from $20,000 to around $32,000 in just over a month, including a 10% rise in the last 24 hours, merits offering traders the ability to bet on a rally to $200,000 by late December.

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  • That supersedes the $160,000 option as the most traders can bet where the leading cryptocurrency will rise.
  • Even with today's wild ride for bitcoin there have been no takers at any strike north of $80,000.

See also: Bitcoin Worth $1B Leaves Coinbase as Institutions ‘FOMO’ Buy: Analyst

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