Bitcoin Hits New All-Time High, 57% Chance of Reaching $100K

Nov 11, 2024, 08:39 PM

Bitcoin surged to a new all-time high of $87,384 on November 11, 2024, surpassing its previous record of $84,000. This spike in price has led to unprecedented short liquidations, breaking records set in August. The cryptocurrency's market cap is now just over 99% of Silver's, with speculation rife that Bitcoin might soon overtake Silver's market cap. Prediction markets on Polymarket are pricing in a 57% chance that Bitcoin will reach $100,000 before the end of the year, a significant increase from earlier odds.