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

Bitcoin Price 13.6% Away From $100K, Bullish Odds on Polymarket Soar
© Copyright Image: CryptoPotato

Bitcoins price is all the rage right now, charting one all-time high after another and raging on during its price discovery phase.

At the time of this writing, the cryptocurrency exploded above $88,000, increasing by a massive 10.6% in the past 24 hours alone.

Source: TradingView

Last week, when Donald Trump won the 2024 US Presidential Elections, CNBC analysts predicted that Bitcoins price will reach $100K by the end of the year.

Interestingly enough, theres a market for that on Polymarket the most popular crypto prediction platform, and the odds of it happening are also going sky-high.

Source: Polymarket

Currently trading at $88,000, Bitcoin is just 13.6% away from the coveted target that will surely go down in crypto history.

Meanwhile, the derivatives market is as heated as ever, with liquidations soaring past $120 million in the past 4 hours alone. The overwhelming majority of these ($109M) stem from overleveraged short positions.

The post Bitcoin Price 13.6% Away From $100K, Bullish Odds on Polymarket Soar appeared first on CryptoPotato.

Read more: https://cryptopotato.com/bitcoin-price-12-away-from-100k-bullish-odds-on-polymarket-soar/

Text source: CryptoPotato

Disclaimer: Financial information and news are not financial advice, read the disclaimer.
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