Bitcoin Price Surges, Analysts Predict $75,000 Milestone

Bitcoin's price experienced a significant surge yesterday, rising 7% and reaching as high as $70,000. This increase in value has led some analysts to predict that Bitcoin may reach the milestone price of $75,000 by the start of March.

The predictions are based on the assumption that the current trend will continue, with the price of Bitcoin increasing further over the coming days and weeks. However, it is worth noting that this would represent a significant increase in value, with a potential surge of 10.3%.

In related news, Deribit has announced an options expiry alert, warning that over $8.8 billion in crypto options are set to expire on Friday at 8:00 UTC. This includes both Bitcoin and Ethereum options, with the majority being for Bitcoin. The put/call ratio is currently 0.76, indicating that traders are predominantly betting on a price increase.