On Wednesday, $Bitcoin (BTC.CC)$ The price has broken through $94,000, once again setting a new historical high.

In fact, since the USA elections on November 5, the price of bitcoin has been surging because traders believe that the elected president, Trump, promises to support digital assets, which will lead to a reduction in regulatory constraints, injecting vitality into bitcoin and other cryptos.

Aside from the USA elections, there has been continuous bullish news in the crypto circle recently. The nasdaq exchange announced on Monday that the options for blackrock's iShares bitcoin trust etf will be launched on Tuesday. This news has also become one of the driving forces behind bitcoin's new highs.

Cryptos concept stocks in the usa have risen across the board, $Bakkt Holdings (BKKT.US)$up over 13%, $MicroStrategy (MSTR.US)$ Up more than 10%, $MARA Holdings (MARA.US)$ Rise nearly 9%, $Coinbase (COIN.US)$ A bullish increase of over 2%.

According to the crypto financial services institution Galaxy Digital, as the relevant options around the blackrock iShares bitcoin etf with an asset size of up to $43 billion are officially brought to the US stock market, it may significantly reduce the volatility of bitcoin and expand the investor base for the original bitcoin entity.

Bitcoin and other cryptos have long been labeled with "high volatility," which is also the important logic behind Wall Street investment institutions' reluctance to directly hold bitcoins and other entities, instead choosing to allocate bitcoin etfs and ethereum etfs, which have relatively lower volatility, to cover cryptocurrencies.

However, with the official launch of the world's largest asset-scale bitcoin etf—the blackrock iShares bitcoin etf options, bitcoin is expected to shake off its long-standing high-risk label of "high volatility," gradually aligning with the "low volatility" trading attributes of traditional major assets (such as gold, US treasury bonds, and csi commodity equity index), thereby attracting more investors to participate in bitcoin or other cryptos.

Meanwhile, investors continue to increase their stakes, as usa's "largest bitcoin proxy" microstrategy continues to issue bonds to buy coins. The latest news shows that microstrategy plans to sell $2.6 billion worth of notes and use the proceeds to purchase bitcoin.

On November 16, MSTR announced the acquisition of approximately 4.6 billion US dollars worth of 51,780 bitcoins, totaling 331,200 bitcoins held. The company's bitcoin revenue has reached 20.4% this quarter, and has already reached 41.8% year-to-date.

Chris Weston, research director at the Australian online broker Pepperstone, stated that Bitcoin does indeed have potential buying momentum, "If Bitcoin rises again, it should attract those who like to buy strong stocks to engage in a new round of pursuit."

Can it continue to rise?

Blackrock's options bets amounting to 44 billion USD indicate that traders believe$iShares Bitcoin Trust (IBIT.US)$ that it has the potential to break more records. Bloomberg compiled data shows that after the iShares bitcoin etf options were listed on nasdaq on Tuesday, more than 0.35 million contracts changed hands, with about 80% being call bets. $Bitcoin (BTC.CC)$ It is possible to break more records.

Data compiled by Bloomberg shows that after the iShares bitcoin ETF options started trading on the nasdaq on Tuesday, over 0.35 million contracts changed hands. Among the ten most actively traded options, nine were bullish bets. The most active was the option expiring in January next year with a strike price of $55, followed by the call option expiring in December with a strike price of $65 – which is 25% higher than the fund's closing price on Monday.

Some analysts believe that bitcoin is expected to reach the milestone of $100,000 by the end of this year. In addition, most institutions expect it to rise to $200,000 by the end of next year.

Besides bitcoin, which other assets can participate in the 'crypto circle carnival'?

Huayuan Securities points out that the main upward wave of the crypto bull market has already arrived. Mining companies that benefit from the crypto market bull run, have solid balance sheets, and comprehensive hash power growth plans are expected to welcome a new market cycle. It is also recommended to pay attention to exchange symbols and hoarding symbols that benefit from the crypto bull market.

Futu has organized relevant concept stocks and etfs in the hk and usa stock markets for mooers' reference. This includes:

Holding stocks $MicroStrategy (MSTR.US)$ 、 $MEITU (01357.HK)$ 、 $BOYAA (00434.HK)$ ；

Cryptocurrency exchange $Coinbase (COIN.US)$ 、 $OSL GROUP (00863.HK)$ ；

Mining stocks $MARA Holdings (MARA.US)$ 、 $CleanSpark (CLSK.US)$ 、 $Riot Platforms (RIOT.US)$ Wait;

In addition, there are a large number of etfs in the Hong Kong stock market that are worth paying attention to, including $ChinaAMC Bitcoin ETF (03042.HK)$ 、 $Harvest Bitcoin Spot ETF (03439.HK)$ 、 $Bosera HashKey Bitcoin ETF (03008.HK)$ 、 $Samsung Bitcoin Futures Active ETF (03135.HK)$ 、 $CSOP Bitcoin Futures ETF (03066.HK)$ Wait a moment.

Editor/Somer