Summary
- Users of prediction markets are showing uncertainty in the crypto space with fluctuating forecasts on cryptocurrency prices.
- Bears are currently dominating the market as discussions arise regarding Bitcoin’s potential targets—$100,000 or $120,000.
- On Myriad, users anticipate that BNB’s market cap will surpass that of XRP in the coming week.
Market uncertainty has resulted in a narrower price spectrum for leading cryptocurrencies like Bitcoin and Ethereum over the past week.
However, the betting odds in prediction markets have exhibited considerable volatility as market sentiment shifts from optimistic to pessimistic.
Bitcoin’s Future: Will It Reach $120K or Drop to $100K?
Market Opening: October 12
Market Closing: Open until resolved
Trade Volume: $766K
Currently, Bitcoin is caught in a price range, experiencing short-lived surges followed by declines. The price was last recorded at $107,659, a drop of about 3.5% in the past 24 hours.
This uncertainty has led predictors on Myriad to turn bearish, lowering the odds of Bitcoin reaching $120,000 to 43%, although earlier in the week it had been as high as 75%.
Will the U.S. Government Shutdown Be the Longest in History?
Market Opening: October 15
Market Closing: November 5
Volume: $28.9K
As the U.S. government shutdown extends into its 30th day, it is now the second-longest on record. Myriad users predict an 83% chance it will surpass the 35-day mark set during President Trump’s term.
The market has steadily shifted in favor of a longer shutdown over the past 10 days, with a notable rise from 47.5% to the current belief.
