First Mover Americas: Bitcoin Hits New Highs as ETF Options Traders Go Degen
Bitcoin (BTC) is trading at $93,634.61, up 2.04%, approaching record highs. The CoinDesk 20 Index is at 2,981.79, showing minimal change. Ether (ETH) is down 1.65% to $3,090.71. Options on BlackRock's spot bitcoin ETF (IBIT) experienced significant trading activity, primarily in bullish calls, indicating strong market interest. MicroStrategy (MSTR) has entered the top 100 U.S. companies by market cap, with shares at a record $430, up 528% this year. The company announced a $1.75 billion convertible note issuance. Robinhood (HOOD) is expected to benefit from U.S. crypto deregulation, with Bernstein raising its price target to $51 from $30. Coinbase has delisted Wrapped Bitcoin (wBTC) due to listing concerns. Archax plans to offer tokenized money market funds from major financial institutions.
