Bitcoin Falls Below $80,000 as Prediction Bets Hit Record $2.7B

Crypto prediction volume hit a record $2.7B on Kalshi and Polymarket. Bitcoin fell below $80,000 as short-term price bets gained traction. Kalshi’s fees increase the break-even threshold for traders. Coinbase’s expansion faces settlement risks and state restrictions. At the time of writing BTC trades at $79,532 on Coinbase, declining approximately 1.91% during the session, according to TradingView data . The move extended Bitcoin’s recent retreat from the $86,000 region, although the daily candle had not yet closed. Meanwhile, weekly notional volume in cryptocurrency contracts on Kalshi and Polymarket reached a record $2.7 billion, according to Dune Analytics .