Bitcoin Crosses $80,000 as $6 Billion Options Expiry Looms; Ethena and Official Trump Lead Altcoin Gains

BitcoinWorld Bitcoin Crosses $80,000 as $6 Billion Options Expiry Looms; Ethena and Official Trump Lead Altcoin Gains Bitcoin has surged past the $80,000 mark for the first time in weeks, fueled by a $6 billion options expiry and renewed risk appetite across the crypto market, while altcoins Ethena and Official Trump are recording notable rallies.

Bitcoin’s Breakout Above $80,000 As of the latest trading session, Bitcoin is holding above $80,000, a level that has acted as a psychological and technical barrier since early March.

The move comes just ahead of a major monthly options expiry, with open interest exceeding $6 billion, according to derivatives data. Traders are closely watching whether the price can sustain above this level or if the expiry will trigger increased volatility.

The rally appears driven by a combination of short-term technical momentum and improving market sentiment. Over the past week, Bitcoin has climbed from the mid-$70,000 range, breaking through several resistance levels on higher-than-average volume.