Bitcoin (BTC) is holding steady above $86,000 amid a broader market cooling, trading at $86,940.02, a 0.57% increase over the past 24 hours. Despite this stability, BTC remains 21% below its peak of $126,000 earlier this month, as the market has shed over $1.3 trillion in value since early October. Analysts remain optimistic, suggesting a potential rebound to $115,000 by year-end if liquidity conditions improve.
In contrast, Monad (MON) has experienced a significant surge, climbing 80% since its public offering at $0.025 on November 24, now trading at $0.045. This rise is attributed to its integration with Polymarket, enhancing its utility in on-chain prediction markets. MON's high throughput and EVM compatibility are highlighted as major advantages, although concerns about token allocation persist.
Bitcoin Steadies Above $86K as Monad (MON) Rallies on Polymarket Integration
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