Recently, the price of bitcoin has achieved its all-time high of $116,000, and for the first time in the records so far, bitcoin has touched such a big number. This news of bitcoin has made both traders and investors very happy, so everyone is now assuming that the price of bitcoin is going to go up even more.
Big Interest in Trading
After bitcoin achieved an all-time high, people’s interest in Deribit exchange has increased a lot, so many traders are now buying it with a call option whose target price is from $115,000 to $120,000. Let us also tell you that the call option means that people now have the idea that its price is going to increase even more, that is, we can also say that people have full faith in bitcoin at this time.
Long-Term Plans by Investors
Let us tell you that many people are investing their money in bitcoin not for the short term but for the long term, in which people are also taking options till September and December, in which the target price is considered to be $140,000 to $150,000. Not only small traders or common people but also big institutions are investing their money in bitcoin at this time, and this is a very positive signal for the market.
Also Read: Glenmark Pharmaceuticals Share Price Target 2025, 2026, 2027, 2028, 2029, 2030
Short Sellers in Trouble
When bitcoin went up by $116000, at this time those people suffered the most loss who thought that the price of bitcoin was going to fall, and we call such traders short sellers; these people’s money sinks when the price goes against their thinking.
According to the data of Coinglass, such people have seen a loss of $543 million within just 1 hour and $762 million within 12 hours, and hence, now all these people are closing their bets because the price of bitcoin has gone beyond their thinking.
Is Trump the Reason?
After the price of bitcoin went up, many people believe that because Trump has become the president, this price has seen a jump, so people are also thinking that Trump will support cryptocurrency and whatever new rules will come out, they will be in favour of bitcoin.
Also Read: TCS Share Price Target 2025, 2026, 2027, 2028, 2029, 2030
Crypto Week in the US
This Congress has made the week of July 14 Crypto Week, which shows that the government there is taking digital currency very seriously, and from the point of view of all this news, it is believed that the future of bitcoin is very bright.
We have more than 5 years of experience in stock market and analysis, and we are dedicated to delivering accurate, real-time market updates and insightful analysis. With a sharp eye on the Indian and global stock markets, we simplify complex financial data and trends to help investors make informed decisions.
Disclaimer: The stock market updates shared by DateUpdateGo are solely for general information and learning purpose only. They are not meant to serve as an investment advice. Individuals should always seek guidance from a certified financial advisor before making any investment-related choices.