Prediction market data shows traders divided on whether Bitcoin can sustain its rebound from a 52% peak-to-trough decline Traders on Polymarket, the decentralised prediction market platform, are placing the highest probability on Bitcoin reaching $75,000 before the end of April, as the cryptocurrency trades around $71,000 following a week of steady recovery. The $75,000 outcome carries a 57% implied probability, the highest of any price band tracked by the market, while the $65,000 band shows a 47% probability, reflecting the market's assessment that Bitcoin is likely to hold that level rather than retrace.
One of the recipient wallets had previously been used to route funds for selling via Galaxy Digital and OKX, Onchain Lens said.
The Strait of Hormuz becomes the ground for an economic revolution. Indeed, Iran now imposes a Bitcoin toll to let tankers pass.
The fragile truce between the United States and Iran that ignited a powerful market rally just one day earlier is rapidly deteriorating, prompting investors to reassess their positions.
Bitcoin rebounded near $70.9K as oil fell below $100 after a U.S.-Iran ceasefire. Further crude declines could lift BTC by reviving Fed cut hopes.
As headlines related to Quantum Computing loom over Bitcoin, some research papers have broken down how real the threat currently is. Bitcoin Network Has 6.
Tehran is set to introduce a cryptocurrency-based transit fee for maritime vessels navigating through the Strait of Hormuz, according to recent reports. This payment structure will be enforced during a fortnight-long cessation of hostilities between Washington and Tehran.
Here's why the worst for BTC may not be over yet.
Bitcoin rocketed beyond $72,000 Tuesday following confirmation that the United States and Iran had reached a two-week ceasefire agreement. The digital asset posted a 6% gain in less than four hours, surprising numerous market participants.
Bitcoin's push toward $73,000 has lost traction, leaving the market exposed to renewed downside risks as macro uncertainty returned.
Bitcoin traded at $70,981 on Thursday, slipping 0.5% over the past 24 hours but still posting a solid 6.1% weekly gain. The dip came as a two-week ceasefire between the United States and Iran which had sparked a broad market rally just days earlier began showing signs of breaking down within 48 hours of its announcement.
Bitcoins top developers have long wrestled with a painful paradox: the very upgrade designed to protect the network from quantum computer attacks could permanently lock millions of users out of their own funds. Now, a working solution may finally be within reach.