Bitcoin's Odds Of Hitting $80,000 This Year Double Overnight As Price Suddenly Tops $70,000

BreakingBusinessBitcoin's Odds Of Hitting $80,000 This Year Double Overnight As Price Suddenly Tops $70,000ByAntonio Pequeño IV,Forbes Staff. Pequeño is a breaking news reporter who covers tech and more.Follow AuthorAug 20, 2026, 01:40pm EDTToplinePolymarket 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 ImagesKey FactsA 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. if (!window.cnxel) { window.cnxel = {}; window.cnxel.cmd = []; var iframe = document.createElement('iframe'); iframe.style.display = 'none'; iframe.onload = function() { var iframeDoc = iframe.contentWindow.document; var script = iframeDoc.createElement('script'); script.src = '//cd.elements.video/player.js?cid=62cec241-7d09-4462-afc2-f72f8d8ef40a'; script.setAttribute('defer', '1'); script.setAttribute('type', 'text/javascript'); iframeDoc.body.appendChild(script); }; document.head.appendChild(iframe); const preloadResourcesEndpoint = 'https://cds.elements.video/a/preload-resources-ovp.json'; fetch(preloadResourcesEndpoint, { priority: 'low' }) .then(response => { if (!response.ok) { throw new Error('Network response was not ok', preloadResourcesEndpoint); } return response.json(); }) .then(data => { const cssUrl = data.css; const cssUrlLink = document.createElement('link'); cs...