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Bitcoin and Ethereum Hit Multi-Month Highs but Traders Cap 2026 Upside Bets
Bitcoin (BTC) and Ethereum (ETH) climbed to multi-month highs again this week, but prediction market traders still assign low odds to either asset approaching record territory in 2026. Polymarket traders give Bitcoin a 32% chance of touching $100,000 this year. Ethereum traders price a move to $3,500 at just 31%. Rate Pause Signals and ETF Inflows Lift Crypto
Bitcoin and Ethereum posted fresh multi‑month highs, with Bitcoin up 4.62% to $80,861 and Ethereum up 4.85% to $2,501 over the past 24 hours.
Market drivers
The rally coincided with reports that the war in Iran may be ending and comments from Federal Reserve Governor Christopher Waller suggesting rates could stay steady. The probability of a September Fed rate hike fell to 50% after earlier reaching 70%.
Institutional inflows
Spot Bitcoin exchange‑traded funds attracted roughly $101.1 million in net inflows, led by the iShares Bitcoin Trust.
Prediction market pricing
On Polymarket, the odds of Bitcoin reaching $100,000 in 2026 sit at 32%, while the chance of a drop to $70,000 is 48%. Higher targets ($95,000, $110,000, $120,000) remained unchanged, holding at 44%, 20% and 12% respectively.
Ethereum’s $3,500 target holds at 31% probability, with the $2,750 level at 75% and $3,000 at 54%.
Downside outlook
Traders still assign a 72% chance that Bitcoin could fall back to $75,000 and a 56% chance that Ethereum could dip to $2,250.
Outlook
Upcoming U.S. jobs data will test the durability of the rate‑pause narrative, but current positioning treats the recent moves as a shift within a range rather than a return to all‑time highs.
Source & attribution
News Source
- Publisher
- BeInCrypto
- Original date
- September 4, 2026, 5:28 AM
- Original headline
- Bitcoin and Ethereum Hit Multi-Month Highs but Traders Cap 2026 Upside Bets