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It’s almost here. Bitcoin is on the verge of hitting $100,000, trading at ~$99K on Friday after a ~11% rise over the past week.
Adding to the excitement were BlackRock’s iShares Bitcoin ETF (IBIT) options making their debut on Nasdaq, driving nearly $2B in notional trading volume on their first day. The options that allow investors to hedge or leverage their Bitcoin exposure have the potential to significantly juice the market as more come online. Meanwhile, Bitcoin dominance continues to rise, suppressing altcoin price action in the interim, though there are signs this may end soon.
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