As reported by Bijié Wǎng, Myriad prediction market users have reduced the probability of a crypto winter from 30% to 9%, amid a recent rebound in crypto prices after six weeks of weakness. Bitcoin rose over 6% in 24 hours to above $91,500, while Ethereum climbed 7.3% to $2,990. A crypto winter is defined as a prolonged market downturn with Bitcoin below $35,000, Ethereum below $1,000, MicroStrategy below $50, or total crypto market cap below $350 billion on TradingView. The last crypto winter lasted from late 2021 to most of 2023, triggered by the post-pandemic bull run collapse and major events like the Terra/Luna crash and FTX failure.
Myriad Prediction Market Users Downplay Crypto Winter Chances
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