Bettors see 60% chance Bitcoin hits $100,000 by end of 2024 after new high

Bettors on Polymarket now see a 60% chance that Bitcoin will reach $100,000 by the end of 2024. This follows Bitcoin's recent all-time high of $87,293. Trading volume for this wager has surpassed $2.6 million. Bitcoin's price has increased by about 10.3% in the last 24 hours and 30% over the past week. Analysts attribute this rise to various factors, including macroeconomic conditions and increased institutional interest, while cautioning about potential volatility. The recent surge is partly linked to the election of President-elect Donald Trump, but experts note that other market dynamics are also at play. Upcoming regulatory changes and market maturity are expected to influence Bitcoin's trajectory.