Bitcoin (BTC) has been soaring in the past few hours, topping a new all-time high (ATH) of $96,958. It is currently quoted at $96,572, up 4.67% in the past 24 hours. In response to this development, the probability of BTC reaching $95,000 in November has already surpassed 100%. The current market sentiment for Bitcoin aligns with Bitcoin Price Prediction trends, and it might even reach $98,582 by the end of 2024.
Bitcoin current market trend
The market cap for BTC has jumped by 4.74%, now standing at a staggering $1.91 trillion. The 24-hour market volume has increased by 6.08%, settling at $80.80 billion.
At this rate of growth, BTC might even overtake Amazon’s market cap of $2.151 trillion, becoming the sixth most valuable asset globally. Many analysts believe Bitcoin has strong potential to hit the psychological milestone of $100K before the end of this year! The driving force behind the rally is positive market sentiments, institutional interest in Bitcoin and soaring market volume.
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Meanwhile, bettors on the prediction market Polymarket estimate the probability of BTC reaching $105,000 in November at 34%.
Another Polymarket speculation on whether Bitcoin will hit $100K in November has seen the odds rise to 72%.
On the other hand, Kalshi users are speculating on how high BTC will go this week. Currently, 51% believe BTC will reach $97,000 and above, 57% predict it will surpass $98,000, and 51% anticipate it climbing to $99,000 or higher.
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Also Read: Bitcoin Price to $100K in Danger? Peter Schiff Drops Final Bombshell
