Polymarket odds of Bitcoin under $55K at 72% as BTC market cap dives

Bitcoin’s market cap dropped to $1.31 trillion, slipping to 15th globally as prices dip below $65,000, fueling rising bearish bets on Polymarket.

Bitcoin slid below $65,000 over the weekend before stabilizing Monday as traders on prediction market Polymarket increased bets that the cryptocurrency’s pullback has further to run.

The odds of Bitcoin (BTC) falling below $55,000 climbed to 72% on Polymarket Monday, with $1.2 billion in volume on platform.

Other bearish bets include price declines below $50,000 and $45,000, with odds of 67% and 47%, and trading volumes of $170,000 and $1.4 billion, respectively.

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