Bitcoin rose about 1% over the past 24 hours to around $89,750, remaining below the $90,000 level. Ethereum and XRP also rose.
Evidence in the Bitcoin options market suggests bullish sentiment, with preparations for a price pop specifically by Christmas. Bitcoin and other cryptocurrencies drifted higher to start the week, but the largest digital asset remained below the $90,000 milestone.
Bitcoin climbed about 1% in the last 24 hours to roughly $89,750, still short of the $90,000 mark as Ethereum and XRP advanced. Evidence from the Bitcoin options market suggests bullish sentiment, with traders braced for a potential price move by Christmas. The setup points to upside expectations into year-end, supported by options activity that signals potential strength ahead of the holiday period. If the momentum persists, a break above $90,000 could draw additional buyers, but risks remain as macro factors and profit-taking pressures temper gains.
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