Polymarket has gathered investors globally to bet on events taking place worldwide. Since Satoshi Nakamoto created and launched Bitcoin, the crypto coin has become an enigma of financial freedom. Now, investors on Polymarket have made several bets on the future of the crypto market.
Bitcoin bull run takes traders’ attention
Bitcoin has been trading below $60,000 for the better part of this week. According to data from CoinGecko, Bitcoin is currently worth $59,465, down 0.4% in the last 24 hours.
There is a $832,970 bet on Polymarket set to expire today on “Bitcoin above $60,000 on August 30?”
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Also, there is a $372,035 bet on “Ethereum above $2,500 on August 30?” Ethereum, like Bitcoin, has been trading on the low, having lost its support levels this month. At the time of this writing, Ethereum (ETH) is worth $2,525, a 1.0% decline in the last 24 hours.
There is also a $290,519 “Solana above $145 on August 30?” bet expiring today. At the time of this writing, Solana (SOL) is worth $139, a 4.0% drop in the last 24 hours.
Polymarket bets have gone big, with Bloomberg LP adding election odds data from a crypto betting platform to its Terminal. The integration highlights the growing role of prediction markets in assessing political trends and election outcomes and the growing use of Web3 by established financial organizations.
Bloomberg’s Terminal is the world’s most widely used institutional financial data platform. According to Wall Street Prep, it accounts for roughly one-third of the financial data services sector. It has roughly 350,000 subscribers worldwide.
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Also Read: Bitcoin Reserves on Exchanges Hit New Low Since January 2024
