Donald Trump’s upcoming appearance at the Nashville Bitcoin conference this weekend is one factor driving current bitcoin market volatility, analysts said.

"Prices for out-of-the-money options have increased significantly, indicating expectations for more extreme market movements," QCP Capital analysts said. The increased demand and higher prices for these options reflect a broader sentiment of anticipation among market participants.

Bitcoin options open interest on Deribit reflects this sentiment, with BTC options implied volatility rising from 53% to 67% over the past week, according to data from the derivatives exchange.

Trump's upcoming speech at Nashville Bitcoin conference

BRN analyst Valentin Fournier observed a similar trend, stating that a volatile week is expected due to …