Bitcoin's Potential to Surpass $70K and Its Impact on the Market

Lyra Finance, a decentralized BTC options marketplace, indicates a 20% chance of Bitcoin surpassing $70,000 by the end of April, with options data suggesting this possibility. Traders are speculating on price trends ahead of and following Bitcoin's reward halving in mid-April, and the consensus is that Bitcoin could see further gains due to fiscal policy in the U.S. and a declining global recession probability. As the world's largest decentralized crypto options venue, Lyra accounts for 50% of the global DEX options volume and has listed Bitcoin options with an expiry date of April 26, allowing traders to bet on the price action surrounding the reward halving.