CandleFocus Bitcoin Dips to $94K ; Polymarket, Kalshi Odds on BTC Shrink
2024-11-26
Author: Content Editor
After reaching an all-time high of $99,655, Bitcoin has seen a decline, falling to $94,706 and experiencing a 2.97% decrease. This has had a negative impact on the odds of Bitcoin's performance on prediction platforms Polymarket and Kalshi. Despite a surge in trading volume, reaching $84.36 billion, and a market cap of $1.87 trillion, Bitcoin faces competition from Saudi Aramco, which holds a market cap of $1.804 trillion. Technical indicators suggest a mixed outlook, with the potential for either a position correction or a breakout. Bitcoin spot ETFs have also seen outflows of $684.14 million, indicating selling pressure from traditional investors. The decline has cooled off the Bitcoin frenzy, resulting in lower odds on prediction platforms for Bitcoin reaching $100,000.
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