BlockBeats recently reported that Matrixport has released a research report suggesting that due to Trump’s potential victory, Bitcoin options are set to expire on November 8, 2024. Despite traders being cautious about the election outcome, a significant number of them are looking forward to a market rebound with strike prices set at $65,000 and $70,000.
Moreover, the Bitcoin options market’s trading volume has grown to $42 billion to $71 billion, steadily replacing the stagnating performance of cryptocurrency stocks since April 2024’s Bitcoin halving, and becoming a popular leveraging tool. Additionally, MicroStrategy’s stocks, currently trading at a premium, have become an alternative way to gain indirect exposure to Bitcoin. However, even with Trump’s potential victory looking positive for Bitcoin, the bull run may face resistance if the Federal Reserve adopts a tightening stance in response to Trump’s large economic stimulus.
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