“On November 11, the share of bets on Polymarket that the price of the first cryptocurrency will exceed $100,000 by the end of the month reached 57%. The cost of one upvote rose from $0.32 to $0.57 within hours of the market’s creation. At the time of publication, the volume of “for” and “against” bets were equal, and the total turnover exceeded $215,000. The distribution of bets for the prediction “Will Bitcoin reach $100,000 in November?”. Source: Polymarket. In another […]”, — write: businessua.com.ua
On November 11, the share of bets on Polymarket that the price of the first cryptocurrency will exceed $100,000 by the end of the month reached 57%.
The cost of one upvote rose from $0.32 to $0.57 within hours of the market’s creation. At the time of publication, the volume of “for” and “against” bets equaled, and the total turnover exceeded $215,000.
Distribution of bets for the prediction “Will Bitcoin reach $100,000 in November?”. Source: Polymarket.
In another pool, Polymarket users put the odds of seeing digital gold at $90,000 during November at 95%, $95,000 at 75%, and $105,000 at 36%.
Distribution of bets for the forecast “What will be the price of Bitcoin in November?”. Source: Polymarket.
The increased activity on the platform comes amid a bitcoin rally, with the coin rising from $70,000 at the beginning of the month to $88,000, a new all-time high.
Binance BTC/USD 2-hour chart. Source: TradingView.
Earlier it became known that the French regulator ANJ examines Polymarket operations for illegal bookmaking activities. According to experts, the platform may be at risk of being blocked in the country.
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