Bitcoin To Hit $100,000 Soon? Polymarket Bettors Are Putting Big Money On It

Following Tuesday’s uptick, cryptocurrency bookmakers sharply increased their odds of Bitcoin BTC/USD recovering the critical $100,000 milestone this month.

What happened: The odds hit 83% overnight Tuesday before falling to 76% as of this writing on Polymarket, a decentralized prediction platform. The probability jumped by 16 percentage points in the last 24 hours.

The $100,000 target was the hot pick among bettors, as Bitcoin was only 3% shy of the critical mark at the time of writing.

Punters predicted a 44% likelihood of BTC rising to $105,000 during the month, while the odds of a rise to $110,000 were only 21%. 

Note that Polymarket, which operates on the Polygon POL/USD blockchain and allows users to place bets using cryptocurrencies, is unavailable to U.S. residents due to regulatory restrictions.

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Why It Matters: The surge in bets follows a sharp spike in the cryptocurrency market overnight, which sent Bitcoin back above $97,000.

Investors reacted to news that Treasury Secretary Scott Bessent will meet Chinese officials for trade talks, stoking optimism amid macroeconomic uncertainty.

Price Action:  At the time of writing, BTC was exchanging hands at $96,666.47, up 2.42% in the last 24 hours, according to data from Benzinga Pro. The coin has gained 24.80% over the month.

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