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Sentiments across the cryptocurrency market remain elevated on the bullish side after Bitcoin (BTC) reached an all-time high of over $123,000. To this end, prediction markets are suggesting that the maiden cryptocurrency is likely to see more upside in the coming months. Specifically, traders on cryptocurrency betting platform Polymarket see an 84% chance that BTC will reach at least $130,000,  the highest-probability outcome, according to the latest data retrieved by Finbold on July 13. The next most likely level is $150,000, with a 53% chance. Beyond that, optimism wanes but remains notable, with a 20% probability that Bitcoin will reach $200,000 and a 10% chance of surpassing $250,000. At the extreme end, the platform assigns a 3% chance that Bitcoin will reach $1 million by 2025. Bitcoin price prediction for end of 2025. Source: Polymarket Meanwhile, some traders are hedging for a potential correction, as lower price targets like $70,000 (13%), $50,000 ...

Bitcoin has soared to a new all-time high (ATH), vaulting past tech giants Google and Amazon in market cap amid surging institutional demand, led by BlackRock’s Bitcoin ETF. BTC soared to a record peak of $111,861.22, but has since retraced to trade at $110,732.10 as of 10:41 a.m. EST.  The recent surge in the BTC price not only saw the total crypto market capitalization rise over 4% to above $3.5 trillion, it also saw Bitcoin’s total valuation surpass that of Amazon and Google.  Bitcoin’s current market cap stands at over $2.2 trillion, taking it ahead of Google’s $2.05 trillion and Amazon’s $2.13 trillion, according to Companiesmarketcap. BlackRock Bitcoin ETF Posts Highest Inflows In 2 Weeks Bitcoin’s new ATH came as spot Bitcoin ETFs (exchange-traded funds) recorded $607.1 million in net daily inflows on May 21, data from Farside Investors shows.  BlackRock’s Bitcoin ETF, which is the leader in terms of cumulative ...

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