Bitcoin (BTC) can finish the year at $125,000 or more, prediction markets say, as bulls keep up pressure on six figures. Data from betting platform Kalshi suggests an 85% chance of a $100,000 BTC price before the end of 2024.

Bitcoin has added $30,000 since Donald Trump won the U.S. presidential election and closing in on a $2 trillion market cap.

Spot Bitcoin ETFs gained $1B in net inflows on Nov. 21, driven by the launch of options trading, edging Bitcoin closer to $100K.

Strength in BTC is leading to a rotation in other major tokens ahead of the weekend, buoyed by renewed bullish hopes about a crypto-friendly Trump administration that takes office in January.

The ETH/BTC ratio on major centralized exchanges (CEXs) like Binance and Coinbase has fallen to its lowest level since March 2021. The metric stood at 0.032, or 3.2%, on Nov. 21, a decrease of over 40% since the beginning of 2024, according to data from TradingView.

BTC futures have surged past the $100,000 price mark on Deribit, and Lookonchain data shows whales are accumulating. On-chain data shows the current BTC bull market resembles that of 2020. Bitcoin (BTC) price extends bullish momentum and reaches a new all-time high of $97,

U.S. Bitcoin ETFs command $105.91 billion in BTC or 5.46% of its market cap. Major institutional investors are the primary driving force behind BTC’s push

Key takeaways Bitcoin price faces increasing volatility around $98K. Our Bitcoin price prediction expects BTC’s price to reach $100K by the end of 2024 due to the bullish sentiment following the halving event.