Bitcoin, Ethereum at Multi-Month Highs as Traders Keep 2026 Odds Low
BTC and ETH hit multi-month highs, but Polymarket traders assign modest odds for 2026 records.
Bitcoin and Ethereum both advanced to their highest levels in several months this week, extending a recent recovery across the cryptocurrency market. The exact price levels were not disclosed in the initial report, but the move marked a continuation of upward momentum for the two largest digital assets.
Despite the bullish price action, traders on the prediction market Polymarket remain cautious about how far the rally can run in 2026. According to current market odds, participants assign only a 32% probability that Bitcoin reaches $100,000 during the year. For Ethereum, the likelihood of climbing to $3,500 is priced at 31%.
Market Signals Point to Caution
The relatively low odds suggest that while spot prices have improved, many traders see limited upside potential in the near term. The report also referenced rate-pause signals and exchange-traded fund activity as possible factors influencing sentiment, though further details were not provided in the initial summary.
For context, Bitcoin's all-time high remains well above $100,000, while Ethereum has traded well beyond $3,500 in past cycles. The Polymarket probabilities indicate that traders are not currently expecting a return to those levels within the next two years.