Myriad Moves: Bitcoin Is Falling—Will It Dump to $69K or Rebound to $100K?
Crypto markets remain volatile, with bearish sentiment growing among traders. On Myriad prediction markets, Bitcoin is in focus after dropping nearly 5% in a week to around $84,167, with odds of a further “dump” to $69,000 rising; chances for a climb to $100,000 fell from 88% to 55% over two weeks. Despite large buys from Michael Saylor’s firm and the Fed leaving rates unchanged, Bitcoin remains 33% below its all-time high. Solana has also lost momentum, recently trading at $118 and down 48% over the past year. Predictor sentiment flipped: two weeks ago, 91% expected SOL to hit $150 next, but now 57% foresee a drop to $100, despite resilient ETF inflows. Macroeconomic events, like the upcoming March Fed meeting, are potential catalysts for both assets. Separately, Myriad’s perpetual market gives Trump a 55% approval rating—far outpacing traditional polls showing about 55% disapproval—with no clear explanation for the divergence, though crypto market participants may favor Trump’s crypto stance.
