Bitcoin hits all-time high... Rising expectations that Ethereum could reach $4,000
Summary
- Bitcoin set a new all-time high, and it was analyzed that Ethereum also broke through the $3,000 mark.
- There have been rising expectations in the market that Ethereum could climb above $4,000.
- Some investors realized up to 17-fold returns through call options, but it was noted that Ethereum has now entered a period of high volatility.
Bitcoin (BTC) has surpassed $118,000 and recorded its all-time high, while Ethereum (ETH) has also crossed the $3,000 mark, sparking strong activity in the market, according to analysis.
On the 11th, Adam, a researcher at the crypto options analytics firm Greeks.live, said, "Bull runs of this magnitude only come every few months," adding, "After a period of subdued sentiment, the market is now exploding all at once. Expectations that Ethereum could rise above $4,000 are growing."
Adam also noted, "Some investors anticipated the period of low implied volatility (IV) and bought call options in advance, yielding up to 13 to 17 times returns."
However, he added, "Ethereum has now entered a 'high volatility zone' where prices could rapidly surge or plunge in the future."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
