Bitcoin More Likely to Reach $50K Before $100K, Kalshi Traders Say

Traders on prediction market platform Kalshi currently assign a 60% probability that Bitcoin will reach $50,000 before climbing to $100,000.

That outlook coincides with continued weakness in the cryptocurrency’s price. Bitcoin has slipped below the $64,000 level and is currently trading at around $63,988, down 1.2% over the past 24 hours.

Source: Kalshi