Prediction markets are buzzing as traders on Polymarket and Kalshi lay down odds on where bitcoin may land through 2025, and the numbers paint a far more grounded picture than the moonshot fantasies circulating online. Prediction Markets Show Strong Odds for Bitcoin Re-Capturing Six Figures to End 2025 At 8:30 a.m. Eastern time on Wednesday, […] Original
Key Notes Jane Manchun Wong has caught sight of a potential prediction markets website that Coinbase is working on. The prediction markets will be offered by Coinbase Financial Markets, the derivatives arm of Coinbase Global, through the prediction marketplace Kalshi. Coinbase had once hinted at launching a prediction market in a bid to be an “everything exchange”. A tech researcher named Jane Manchun Wong has hinted at the possibility that American cryptocurrency exchange Coinbase is working on a prediction markets website. She shared some screenshots on X to back up…
It’s been a choppy week across crypto assets, with bitcoin sliding more than 13% over the past 30 days. This downswing delivered the first October in six years to close in the red, and November has already notched double-digit declines. Adding to the timing, the slump arrives just as McDonald’s brings back the infamous McRib […] Original
The derivatives and securities exchange giant Cboe Global Markets is rolling out “perpetual-style” futures contracts for Bitcoin (BTC) and Ethereum (ETH) next month. Cboe says its new “Continuous Futures” products, which are still subject to regulatory review, will have 10-year expirations at listing and daily cash adjustments, mimicking perpetual exposure. Rob Hocking, the global head of derivatives at Cboe, says the continuous futures contracts are designed to allow customers to trade a perpetual-like product, typically traded offshore, in a US-regulated environment. “The structure of Cboe’s Continuous Futures is designed to…
The speculation surrounding a potential BlackRock XRP ETF has surged to new heights. This surge is a direct consequence of the astonishing market debut of the Canary XRPC ETF. Canary XRP ETF’s launch has painted a clear picture of robust institutional and retail demand for a regulated XRP investment product. Why XRPC’s Success Fuels BlackRock Rumors As the speculation around a potential BlackRock XRP ETF is heating up again, the Canary XRPC ETF has delivered one of the strongest launches of the year. An analyst known as Skipper_xrp has noted…
Bitcoin has erased nearly all of its year-to-date gains after a sharp drop from all-time highs, raising fresh debate over whether the market is nearing a cycle bottom or entering a deeper correction. With macro data set to flood markets this week, volatility across crypto is expected to remain elevated. BTC Tests Key Support Amid […] Original
Bitcoin’s derivatives markets remain active early Saturday as bitcoin hovered between $95,871 and $96,341 over the last hour at 9 a.m. EST, with traders scrambling to reposition after bitcoin spent the week tumbling back under the six-figure threshold for the first time since June. Futures Traders Cut Risk While Options Flow Points to Continued Volatility […] Original
Bitcoin price failed to recover above $104,000. BTC is down over 4% and there are chances of more downsides below $98,000. Bitcoin started a fresh decline below $102,000 and $100,000. The price is trading below $100,000 and the 100 hourly Simple moving average. There is a bearish trend line forming with resistance at $102,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move down if it settles below the $98,500 zone. Bitcoin Price Dips Sharply Bitcoin price failed to stay in…
Key takeaways: Disney and other consumer names disappointed on earnings, adding pressure to markets after the prolonged US government shutdown. Analysts see no sign of insider-driven Bitcoin selling, with BTC instead reflecting wider doubts about valuations and US economic stability. The tech-heavy Nasdaq Index fell 2.3% on Thursday after Palantir CEO Alex Karp made cautious remarks about the profitability of the artificial intelligence sector. In an interview at Yahoo Finance’s Invest event, Karp said not every AI implementation will “create enough value to justify the actual cost.” Investors fear the…
Crypto markets are down today. Bitcoin, Ethereum, XRP, and various altcoins are in the red and erasing some of the gains made a day earlier. Summary The crypto market is down today amid a risk-off sentiment in the industry. Bitcoin and most altcoins have dropped in the past few days. The Crypto Fear and Greed Index has remained at the fear zone. Bitcoin (BTC) price dropped to $103,565, down from this week’s high of $107,060. Ethereum (ETH) price retreated to $3,495, while Ripple (XRP) fell to $2.4327. Some of the…