🚀Bitcoin to the Moon: Less Than 13% Away From Hitting $100K Milestone!
Bitcoin price has surpassed the $88,000 mark, gaining 10.6% in the last 24 hours alone, and is now less than 13% away from the much-anticipated $100,000 mark.
At the time of writing, Bitcoin’s price continues to surge, repeatedly hitting new all-time highs while maintaining a steady upward trajectory throughout its discovery.
Last week, CNBC’s analysts predicted that Bitcoin’s price could hit $100,000 by the end of the year if Donald Trump wins the 2024 US presidential election.
Now, this prediction is looking more and more likely to come true. On Polymarket, the most popular crypto prediction platform, the market is increasingly pricing in a Bitcoin price of $100,000.
Meanwhile, the derivatives market has also been very active, with over $110 million liquidated in the last 4 hours alone, the vast majority of which (over $78.04 million) came from over-leveraged short positions.
All in all, with the market sentiment so bullish, whether Bitcoin will hit $100,000 by the end of the year has become the question on every investor’s and analyst’s lips!
💬 Finally, what are your thoughts? Do you think Bitcoin will reach the major milestone of $100,000 before the end of the year? Let us know your views and predictions in the comments below!
