BCGAME - Free 5BTC Daily Bonus!- Bitcoin could hit $100 by the end of 2024, says Kalshi
- Historic interest in November drives appreciation
- Regulatory stability expected with new administration
According to recent analyses by platform According to market prediction analyst Kalshi, Bitcoin now has a 52% chance of surpassing the $100.000 mark by the end of 2024. This optimism is amplified by an even more promising estimate of a 77% chance of the cryptocurrency reaching $90.000 this year, indicating that the current upward trend could take Bitcoin to unprecedented new heights.
Bitcoin is currently at an all-time high of $88.900, up 10%, with a market cap of $1,7 trillion and a record $48 billion in open interest, reflecting robust investor interest. Consistent with Kalshi’s probabilities, Polymarket also revealed data that points to a 61% chance of Bitcoin hitting $100.000 by the end of 2024.
Since the election, the market's leading cryptocurrency has seen successive record highs, driven by significant capital injections. November, traditionally a strong month for Bitcoin, has already seen a 20% increase in just 11 days, supported by a historical average return of 45%, according to CoinGlass.
Trump’s election has directly contributed to an increase in interest in cryptocurrencies, with expectations of a more favorable regulatory environment under his administration. This factor has been a catalyst for an intensified buying spree in the sector.
