Bitcoin(BTC) has crossed well past the $90k mark, and saw a new all time high of $93,409 today. This crypto surpassed not just Silver but also the petroleum refineries giant, Saudi Aramco briefly. Polymarket bets on BTC reaching $95K is now 75%.
After a slight dip yesterday, Bitcoin soon picked up the pace throughout the day. As a result, Bitcoin is trading at 90,902 after a jump of 2.01%. The 24 hour market volume has gone down by 5.68% to $122.93 Billion.
Courtesy: Coinmarketcap
The market cap now stands stronger than ever at $1.79T after a growth of 2.33%, just slightly behind Saudi Aramco’s 1.797 Trillion, at the moment. As soon as Bitcoin takes over the 7th largest asset spot , its next target would be to outrank Alphabet (Google)’s market cap of $2.198 Trillion.
Polymarket odds on What price will bitcoin reach in November have also changed drastically. As a result, the odds of BTC at $95K has gone up to 75% from yesterday’s 64%. Additionally, the odds of BTC reaching $105K has increased to 33% from 25%.Notably, after crossing the sensitive mark of 90K, Bitcoin has become slightly fluctuation, the reason being- selling pressure from traders.
Courtesy: Polymarket
Another poll on Polymarket, “Will Bitcoin hit $100k in 2024?”, shows that 71% believe that it will hit $100k.
Irrespective of the polls, Bitcoin advocate and venture capitalist at Heisenberg Capital, Max Keiser stated Bitcoin has already reached escape velocity. He recently shared his belief that BTC is now positioned to become the global standard for finance. Keiser shared his bold vision for Bitcoin’s future, suggesting that its market cap could potentially grow from around $1.7 trillion to $400 trillion, as it captures a significant portion of the global financial system.
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