Bitcoin’s Odds Of Hitting $80,000 This Year Double As Prices Surge
Bitcoin prices surged past $70,000, leading traders to double the odds of the cryptocurrency reaching $80,000 by the end of 2026. The rally follows President Donald Trump's push for the CLARITY Act, which aims to establish a clearer regulatory framework for digital assets.
Why it matters
The intersection of political legislative efforts and market sentiment is driving significant volatility and optimism in the cryptocurrency sector.
Topline Polymarket traders nearly doubled the odds of bitcoin reaching $80,000 by the end of 2026, placing bets on the benchmark as prices for the cryptocurrency surged past $70,000 overnight.
Bitcoin prices surged over $70,000 on Thursday. Photo illustration by Chesnot/Getty Images Key Facts A proposition asking, “Will Bitcoin reach $80,000 by December 31, 2026?” spiked 26 percentage points Thursday morning, from about 30% to 57%, according to Polymarket data .
The rising odds came as bitcoin climbed 12% to over $72,000 on Thursday morning, reaching its highest level since early June.
The odds of prices hitting $85,000 also surged, up around 22 percentage points to 47%, with chances tapering the higher the target (30% for $90,000 and just 16% for $100,000).
The proposition asking, “What price will Bitcoin hit in 2026?” has garnered over $55 million in bets.
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