📈Kalshi Raises $1B at an $11B Valuation — What It Means for Crypto
💸Prediction markets are heating up as Kalshi secures a massive $1B funding round led by Paradigm, pushing its valuation to $11B and widening its lead over Polymarket.
While this news isn’t directly linked to Bitcoin, it shows strong investor confidence in Web3 and crypto-related platforms, which can add a positive sentiment boost to the market.
Key Takeaways for BTC Traders:
Big funding in crypto platforms signals growing institutional confidence
Market sentiment turns slightly risk-on, which is supportive for BTC
But Bitcoin’s major moves still depend on liquidity, ETF flows, and key levels$BTC
BTC
92,666.35
-1.24%
$ETH $
ETH
3,187.01
-1.09%
SOL
140.05
-3.89%