TechFlow news, November 21 — According to Bloomberg, Caroline Mauron, co-founder of crypto derivatives liquidity provider Orbit Markets, said: "The massive psychological threshold of $100,000 is now within reach." She added that bets in the Bitcoin options market indicate "expectations of a rapid price surge."
The current optimism has overshadowed memories of the 2022 market crash, which exposed fraud and other risky behaviors in the crypto industry and led to the collapse of platforms including Sam Bankman-Fried's FTX exchange, resulting in his imprisonment.
That turmoil triggered a series of aggressive enforcement actions by the U.S. Securities and Exchange Commission (SEC), but the industry expects such pressure to gradually ease under Trump's administration.
