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 sured 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.
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 s are speculating on how high BTC will go this week. Currently, 51% believe BTC will reach $97,000 and above, 57% predict it will sur $98,000, and 51% anticipate it climbing to $99,000 or higher.
