{"id":28697,"date":"2025-08-11T02:30:46","date_gmt":"2025-08-11T02:30:46","guid":{"rendered":"https:\/\/www.vtmarkets.com\/uncategorized\/bitcoin-surpassed-us121k-while-ether-reached-its-highest-level-since-late-2021%d8%8c-showing-resilience\/"},"modified":"2025-08-11T02:30:46","modified_gmt":"2025-08-11T02:30:46","slug":"bitcoin-surpassed-us121k-while-ether-reached-its-highest-level-since-late-2021%d8%8c-showing-resilience","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/en-ca\/live-updates\/bitcoin-surpassed-us121k-while-ether-reached-its-highest-level-since-late-2021%d8%8c-showing-resilience\/","title":{"rendered":"Bitcoin surpassed US$121K while Ether reached its highest level since late 2021\u060c showing resilience"},"content":{"rendered":"<p>BTC\/USD has risen to over US$121,000, showing strength in the cryptocurrency market. Bitcoin is experiencing an upward trend, with increased interest driving its value higher.<\/p>\n<p>This momentum indicates a positive movement in trading for Bitcoin, with a notable increase in demand. The rise in Bitcoin&#8217;s value reflects growing market activity and potential opportunities in the digital currency space.<\/p>\n<p>We&#8217;re seeing Bitcoin push back above the key US$121,000 level, which is a strong signal for the market. This move represents a nearly 15% rally since the lows we saw in late July 2025. The general cryptocurrency space is seeing positive momentum, suggesting broad market strength.<\/p>\n<p>For those trading futures, this upward trend suggests maintaining or opening long positions. We are observing that perpetual futures funding rates have turned consistently positive, now averaging around 0.02% across major exchanges. This indicates a strong bias among traders for prices to continue rising.<\/p>\n<p>Options traders may find buying call options attractive to capitalize on further upside. Looking at the derivatives data, we see open interest for the September 2025 US$130,000 and US$140,000 strike prices has surged over 40% in the past week. While implied volatility is elevated, it has not reached the euphoric peaks of the 2024 bull market, suggesting the rally could have more room to run.<\/p>\n<p>A more conservative strategy involves selling out-of-the-money put options to collect premium. Given the strong support established near the US$115,000 level, selling puts with a strike price below this could be a viable play for income. This strategy benefits from both rising prices and time decay, but traders must manage the risk of a sharp reversal.<\/p>\n<p>We can look back at the market behavior following the 2024 halving for a potential roadmap. After an initial consolidation period that lasted several months, a similar surge in late 2024 led to new all-time highs. This historical pattern supports the idea that the current move could be the start of a more sustained leg up.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin surges past $121,000, reflecting increased demand, strong market momentum, and rising interest in cryptocurrency.<\/p>\n","protected":false},"author":62,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59],"tags":[],"class_list":["post-28697","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts\/28697","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/users\/62"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/comments?post=28697"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts\/28697\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/media?parent=28697"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/categories?post=28697"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/tags?post=28697"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}