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The spike in activity likely stems from "cash-secured" selling of the options by traders who missed the rally in the ETF.

(Bloomberg) -- The Federal Reserve is likely to signal a slower future pace of easing when it meets later this week and then skip cutting interest rates in January, according to Goldman Sachs Group Inc. economists. Most Read from BloombergHong Kong's Expat Party Hub Reshaped by Chinese InfluxHow California Sees the World, and ItselfLondon’s Tube Fares Are Set to Rise by 4.6% Next YearAmerican Institute of Architects CEO ResignsWhile the US bank sees policymakers still delivering a 25 basis-point

Bitcoin (CRYPTO: BTC) is having its moment, and for good reason. The digital asset has soared 85% in the past three months (as of Dec. 11), and this year, it's up an astonishing 140%. It's crazy to think that Bitcoin went from just an idea 16 years ago to an asset worth just over $1.9 trillion today.

Here is a 2-minute breakdown of everything important that happened in crypto today.

Bitcoin has surged to a new record of more than $106,000 (£83,700) amid hopes that Donald Trump will create a US national fund for the currency.

Sheila Warren, CEO of the Crypto Council for Innovation (CCI), has announced she will step down from her role in January 2025.

Bitcoin wallets holding less than 1 BTC, also known as "shrimp" wallets, are expected to increase by nearly 9% in the near term, according to analyst Axel Adler.