Bitcoin Surpasses $81,000 Amid Institutional Demand, Though Options Market Remains Cautious

Bitcoin climbed above $81,000 on Thursday, driven by growing institutional interest and reduced concerns over interest rate hikes. Federal Reserve Governor Christopher Waller indicated potential support for maintaining current rates if August inflation data shows cooling, which has lowered market expectations for a September rate increase. Despite the price rally, options traders have yet to fully price in a definitive breakout.