Crypto Winter Is Not Coming, Myriad Users Say

In brief

  • Digital assets rallied on Tuesday after falling significantly a day earlier.
  • Last week, 30% of Myriad users expected a crypto winter.
  • Bitcoin is down about 27% since hitting an all-time high above $126,000 in early October.

As Winter Storm Chan barrels down on New York, Myriad prediction market traders are issuing a more favorable forecast for crypto prices.

Users on Myriad, which is owned by Decrypt parent company Dastan, rate a 9% chance that markets are headed for crypto winter. That’s dropped from 30% since the market debuted on Friday at the end of a week in which Bitcoin hovered around $85,000 much of the time–not far off its six-month lows.

The improvement dovetails with rebound in crypto prices on Tuesday after a…

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