Bitcoin’s path to $80K fueled by bullish derivatives trends

By Zoltan Vardai

Bitcoin’s path to $80K fueled by bullish derivatives trends

Bitcoin derivatives markets are setting up for a potential BTC rally above $80,000 before the end of 2024, fueled by excitement over a potential Trump victory.

Bitcoin may surpass $80,000 by the end of 2024 as derivatives markets and holder profitability show significant bullish signals, according to a report from crypto exchange Bitfinex shared with Cointelegraph.

price could be heading above $80,000 based on the structure of the derivatives markets, Bitfinex analysts told Cointelegraph, with options markets showing potential for a post-United States election rally. They added:

“Options market positioning indicates that over the past few weeks, end-of-year options have seen a significant rise in call open interest. The December 27th expiry and calls with an $80,000 strike price have been the primary areas of interest.”

Don't Put All Your Eggs in This Popular Basket

By Vic Lederman

Editor's note: One "basket" of stocks has nearly doubled the return of the S&P 500 Index this year. But according to Vic Lederman, the editorial director of our corporate affiliate Chaikin Analytics, investing in just one basket isn't a good way to generate consistent, long-term returns.

So in today's Weekend Edition, we're taking a break from our usual fare to share one of Vic's essays, recently published in the free Chaikin PowerFeed e-letter. In it, Vic explains why serious financial pain could be in store for investors who use a one-basket approach.

Huckster Jordan Belfort made a fortune selling "pink sheet" penny stocks to unsuspecting investors...

You've probably heard of Belfort before. Leonardo DiCaprio portrays him in the hit movie The Wolf of Wall Street.

Belfort thought he had the system beat. But he made one fatal mistake...

His contingency plan was to store most of his ill-gotten wealth in Switzerland.

America’s Cold War Dividend is Over (Nasdaq:UROY)

When the Soviet Union collapsed in 1991, the USA won the Cold War.

A major benefit of winning the Cold War was the United States was to secure low electricity prices as America secured cheap Russian uranium because Russia was essentially broke.

Low-cost electricity is directly correlated to rise in GDP and the benefit stable low-cost nuclear power helped US GDP growth.

Without that low-cost electricity, America’s GDP would be lower. That’s a fact.

But moving forward, the hyperscalers understand the benefits from 33 years of America’s Cold War Dividend…

The benefits obtained from winning the Cold War – like low-cost Russian uranium, which fueled low-cost electricity that ended in 2024.

America needs to secure a stable, secure source of uranium outside of Russia’s sphere of influence.

Not only has Russia caused a divide in the supply of uranium to the US, but Russia’s geopolitical actions have caused Congress to pass the Prohibiting Russian Uranium Imports Act (PRUIA).

Home-Purchase Demand Destruction Accelerates, Prices Too High, Buyers’ Strike Deepens: Sales of Existing Homes Head for Worst Year since 1995

Too-high prices destroy demand. Everyone knows that. Lower prices would bring out demand.

By Wolf Richter for WOLF STREET.

The extent to which demand for existing homes has collapsed and remains collapsed is astounding, but ultimately not surprising: Demand plunged in 2022 when mortgage rates soared, and plunged a lot further in 2023 as mortgage rates continued to rise to almost 8% by October 2023. But then as mortgage rates dropped starting in November, and kept dropping in 2024, demand stayed at these collapsed levels through September, despite mortgage rates having dropped to near 6%. And now that mortgage rates have bounced off the September lows since the rate cut, demand has collapsed further, even as inventories have been rising all year (look below the article at the top of the comments for inventory and supply charts of existing homes and new houses).