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Bitcoin Prediction Market Signals $2.5 Trillion Market Cap by January 1st

Author: Content Editor
The Bitcoin market has experienced significant growth in the past week, with a surge of nearly 8%. It is now approaching the milestone of $100K, with many enthusiasts believing it could reach this range within days. Prediction markets like Kalshi suggest that there is a 13% chance of Bitcoin hitting $150K before the end of the year, indicating the possibility of a breakout rally. There is a 95% chance that BTC will cross $100K before December 31, considering the current bullish trend. The Bitcoin market has seen substantial growth since the US presidential election, with a 45.51% surge in price. Despite a slight decline in the last 24 hours, the overall trend suggests further upward movement. The median forecast predicts Bitcoin could reach $127,000 by the end of the year, leading to a total market cap of over $2.5 trillion. Currently, the market cap stands at $1.95 trillion, indicating a 42.33% increase since breaking out of its previous range. In conclusion, Bitcoin's future looks promising with prediction markets indicating significant milestones.

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