Bitcoin Worth 13.6% Away From $100K, Bullish Odds on Polymarket Soar

Bitcoin’s worth is all the fad proper now, charting one all-time excessive after one other and raging on throughout its worth discovery part.

On the time of this writing, the cryptocurrency exploded above $88,000, rising by a large 10.6% up to now 24 hours alone.

Supply: TradingView

Final week, when Donald Trump gained the 2024 US Presidential Elections, CNBC analysts predicted that Bitcoin’s worth will attain $100K by the tip of the 12 months.

Apparently sufficient, there’s a marketplace for that on Polymarket – the most well-liked crypto prediction platform, and the chances of it occurring are additionally going sky-high.

Supply: Polymarket

At present buying and selling at $88,000, Bitcoin is simply 13.6% away from the coveted goal that may certainly go down in crypto historical past.

In the meantime, the derivatives market is as heated as ever, with liquidations hovering previous $120 million up to now 4 hours alone. The overwhelming majority of those ($109M) stem from overleveraged quick positions.

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