Bitcoin Resumes Rise With Options Traders Targeting Record High

Bitcoin climbed for a seventh consecutive day, with options traders increasing bets that the digital asset will soon surpass its late 2021 high.

The largest cryptocurrency increased as much as 2.9% to $63,189. It has surged more that 20% since last Friday, the biggest weekly increase in a year. Other tokens also continued to post gains in the wake of Bitcoin’s rally. Ether was up about 3%, while the memecoin Dogecoin surged around 20% to around 14 cents.