{"id":18511,"date":"2024-11-12T13:28:50","date_gmt":"2024-11-12T11:28:50","guid":{"rendered":"https:\/\/forklog.com\/en\/polymarket-users-bet-on-bitcoin-reaching-100000-by-novembers-end\/"},"modified":"2024-11-12T13:28:50","modified_gmt":"2024-11-12T11:28:50","slug":"polymarket-users-bet-on-bitcoin-reaching-100000-by-novembers-end","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/polymarket-users-bet-on-bitcoin-reaching-100000-by-novembers-end\/","title":{"rendered":"Polymarket Users Bet on Bitcoin Reaching $100,000 by November&#8217;s End"},"content":{"rendered":"<p>On November 11, the proportion of bets on Polymarket predicting that the price of the leading cryptocurrency will exceed $100,000 by the month&#8217;s end <a href=\"https:\/\/polymarket.com\/event\/will-bitcoin-hit-100k-in-november\">reached 57%<\/a>.<\/p>\n<p><!--more--><\/p>\n<p>The cost of a single &#8220;yes&#8221; vote rose from $0.32 to $0.57 within hours of the market&#8217;s creation. At the time of publication, the volume of bets &#8220;for&#8221; and &#8220;against&#8221; had equalized, with total turnover exceeding $215,000.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/image2-372.webp\" alt=\"image2-372\" class=\"wp-image-244997\"\/><figcaption class=\"wp-element-caption\">Bet distribution for the prediction &#8220;Will Bitcoin reach $100,000 in November?&#8221; Data: Polymarket.<\/figcaption><\/figure>\n<p>In another <a href=\"https:\/\/polymarket.com\/event\/what-price-will-bitcoin-hit-in-november\">pool<\/a>, Polymarket users assessed the chances of seeing digital gold at $90,000 during November at 95%, $95,000 at 75%, and $105,000 at 36%.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/image1-604.webp\" alt=\"image1-604\" class=\"wp-image-244998\"\/><figcaption class=\"wp-element-caption\">Bet distribution for the prediction &#8220;What will be the price of Bitcoin in November?&#8221; Data: <a href=\"https:\/\/polymarket.com\/event\/what-price-will-bitcoin-hit-in-november\">Polymarket<\/a>.<\/figcaption><\/figure>\n<p>The heightened activity on the platform coincides with a Bitcoin rally: from $70,000 at the start of the month, the coin surged to $88,000\u2014a new all-time high.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"571\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/image3-202-1024x571.png\" alt=\"image3-202\" class=\"wp-image-244999\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/image3-202-1024x571.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/image3-202-300x167.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/image3-202-768x428.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/image3-202.png 1214w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">2-hour BTC\/USD chart from Binance. Data: <a href=\"https:\/\/www.tradingview.com\/x\/GJ2z45jl\/\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>Earlier, it was reported that the French regulator <span data-descr=\"French National Gambling Authority\" class=\"old_tooltip\">ANJ<\/span> is examining Polymarket&#8217;s operations for potential illegal gambling activities. Experts suggest the platform could face a ban in the country.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On November 11, the proportion of bets on Polymarket predicting that the price of the leading cryptocurrency will exceed $100,000 by the month&#8217;s end reached 57%.<\/p>\n","protected":false},"author":1,"featured_media":18510,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480,1148],"class_list":["post-18511","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price","tag-polymarket"],"aioseo_notices":[],"amp_enabled":true,"views":"61","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/18511","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=18511"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/18511\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/18510"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=18511"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=18511"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=18511"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}