Options traders are raising bets that Bitcoin will reach a record high by the end of the month with optimism for US interest rate cuts and inflows into exchange-traded funds rising. Bitcoin call options with a strike price of $75,000 across all expirations have the most open interest, which is the number of outstanding contracts. That is followed by $100,000 and $80,000 strike prices, respectively, according to data compiled by the largest crypto options exchange Deribit. Call options give buyers the right to purchase the underlying asset at a fixed price within a set time. “Traders are optimistic, anticipating new ... (full story)