Crypto traders have become more optimistic about the near-term price movements in Bitcoin and Ethereum, prediction market data shows—but overall market sentiment is still in the gutter.
Odds on Myriad’s prediction market—which is operated by Decrypt‘s parent company, Dastan—have swung more than 20% in the last few days in favor of a “pump” to $84,000 for Bitcoin before it dumps down to $55,000.
That move coincides with the top crypto asset’s significant rebound from below $63,000 on Tuesday to more than $69,000 on Wednesday. The price of Bitcoin currently sits at $67,137, as of this writing.
However, participants still point to a drop to $55,000 before a jump, giving the plunge roughly 56% odds as of this…







