Bitcoin surpassed $80,000 for the first time on Sunday and topped $82,000 on Monday. BTC had an unusually busy weekend, rising more than 4% as trading volume reached nearly $100 billion. The weekend rally in the crypto market is seen as a bullish indicator, given that professional traders and institutional investors are not very active. This positive sentiment continued into the new week, with BTC rising to $82,394. Futures premiums for BTC-linked products have skyrocketed, indicating a bias toward bullish bets. The popularity of the $80,000 call on Deribit indicates the potential for dealers to hedge key levels.
Weekend rally extends, Bitcoin reaches $82,000
