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Bitcoin’s chances of topping $100k tumble as crypto bulls flee

Crypto sell-off takes chunk off bitcoin's potential rosy future

The chances of bitcoin falling below $10,000 this year remained unchanged from an earlier dip on 13 May at 21%
The chances of bitcoin falling below $10,000 this year remained unchanged from an earlier dip on 13 May at 21% Photo: Getty Images

The likelihood of bitcoin reaching $100,000 before the end of 2021 has narrowed on the back of a mass sell-off in crypto markets that continued to hurt the largest cryptocurrency.

Bitcoin’s chances of topping $100,000 this year fell to 16.7% as of 10:30am BST on 19 May, according to an analysis of betting odds from Unikrn by Financial News. This compared to a flat rate of 20% for the last two weeks, where bitcoin’s most optimistic future had largely been unchanged.

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