As a seasoned researcher with decades of market analysis under my belt, I can confidently say that the current Bitcoin price surge is nothing short of extraordinary. Having witnessed several market cycles and bubbles, this one seems to be breaking new ground every day. The recent spike above $88,000, coupled with the predictions of CNBC analysts and the growing odds on Polymarket, hint at a potential historic moment in the making.
Currently, Bitcoin‘s price is generating a lot of excitement, consistently reaching new record highs as it progresses through its current phase of determining its value.
Currently, as I’m typing this, the value of the cryptocurrency soared beyond $88,000, marking an impressive 10.6% growth over the last day.
In the past week, following Donald Trump’s victory in the 2024 U.S. Presidential Elections, CNBC experts forecasted that Bitcoin’s value could hit $100,000 before the year’s end.
It’s worth noting that Polymarket, a well-known cryptocurrency prediction platform, has a thriving market for that particular event, and the likelihood of its occurrence is increasingly favorable, with the odds rising significantly.
At present, Bitcoin stands at approximately $88,000, and it’s only a 12% jump away from a significant milestone that could well become legendary in the annals of cryptocurrency.
Currently, the derivatives market continues to be active and intense. In just the last four hours, liquidations have exceeded $120 million. Interestingly, about $109 million of this amount is due to heavily leveraged short positions.
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2024-11-12 00:40