CandleFocus ? Prediction markets now give Bitcoin a 52% chance of reaching $100K in 2024
2024-11-11
Author: Content Editor
The prediction market platform Kalshi has priced in a 52% chance that Bitcoin will reach $100,000 by the end of 2024, indicating growing optimism for the cryptocurrency's future. Additionally, there is a 77% probability of Bitcoin hitting $90,000 this year. Currently, Bitcoin has reached an all-time high of $86,000 and has a market cap of $1.7 trillion. Polymarket has also launched a market on Bitcoin's 2024 performance, showing a 61% chance of reaching $100,000 by the end of that year. Bitcoin has been consistently setting new highs since the election, and November has historically been its strongest month. Stablecoins have seen increased market cap, suggesting more capital inflows into the crypto market, including Bitcoin. Finally, investors are buying in anticipation of a more favorable regulatory environment under the administration of Donald Trump.
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