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…
