Traders in an obscure corner of the cryptocurrency markets are betting bitcoin could jump as high as $50,000
As bitcoin has rebounded from wintertime lows, some traders in an obscure corner of the cryptocurrency markets are betting it could jump as high as $50,000—more than double its record during the bitcoin mania of 2017.
These ultrabullish trades have taken place in recent weeks in bitcoin options. They came as the digital currency has gained more than 130% from the beginning of the year to nearly $8,700 on Sunday.
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