While precious metals reached new record highs today, selling pressure dominated the cryptocurrency market. Bitcoin, the largest cryptocurrency, fell 2.66% in the last 24 hours to $90,165. The weakening risk appetite appears to have also lowered investors’ short-term expectations.
The Polymarket prediction marketplace has updated its predictions for the levels Bitcoin and major altcoins could reach in January. Market participants’ price expectations predominantly point to levels below current levels.
Here’s what the latest data suggests Bitcoin, Ethereum, Solana, and XRP are expected to reach by the end of January:
Bitcoin:
- $110,000 – 1% probability
- $105,000 – 3% probability
- $100,000 – 10% probability
- $85,000 – 31% probability
- $80,000 – 11% probability
- $75,000 – 5% probability
- $70,000 – 2% probability
Ethereum:
- $4,000 – 1% chance
- $3,800 – 2% probability
- $3,600 – 6% probability
- $2,800 – 43% probability
- $2,600 – 16% probability
- $2,400 – 7% probability
- $2,200 – 2% probability
- $2,000 – 1% chance
Solana:
- $170 – 2% probability
- $160 – 4% probability
- $150 – 13% probability
- $120 – 61% probability
- $110 – 20% chance
- $100 – 6% probability
- $90 – 2% chance
XRP:
- $2.60 – 2% chance
- $1.80 – 55% probability
- $1.60 – 12% probability
- $1.40 – 2% chance
*This is not investment advice.
