Nasdaq’s International Securities Exchange proposed quadrupling the daily trading limit for options tied to BlackRock Inc.’s iShares Bitcoin Trust ETF as demand from investors increases.

Bitcoin price action mirrors rally in US tech stocks. Two more Fed governors signal a December cut in interest rates. Bitcoin ETFs post gains, break losing streak.

Despite years of progress, the cryptocurrency is still in a vulnerable spot halfway between pure speculation and institutional adoption.

The move marks a shift that would bring Bitcoin derivatives in line with major equities and deepen institutional access to the market.

Analysts said traders remain focused on macro signals, particularly on growing expectations for a December Fed rate cut.

Good morning, Asia. Here’s what’s moving before the bell.Bitcoin climbed back above $90,000 on Thursday as Asian markets opened in a broadly positive mood, with stocks firmer and the dollar softer on growing expectations that the Federal Reserve will cut interest rates in December.Trading volumes stayed light in a holiday-shortened …

Some have previously suggested that SpaceX was simply transferring bitcoin in an effort to consolidate its holdings.