Myriad Prediction Market: Crypto Winter Fears Subside Amidst Market Rebound
A significant shift in market sentiment is observed, with only 9% of respondents on the Myriad prediction market now anticipating a prolonged crypto winter, down from 30% last Friday. This optimism follows a recent rebound in digital asset valuations.
Bitcoin (BTC) has surged above $91,500, gaining 6% in 24 hours, though still 27% below its all-time high. Ethereum (ETH) trades at $2,990, up 7.3% since Monday, ahead of its Fusaka upgrade.
A "crypto winter" is defined by Myriad as Bitcoin below $35,000, ETH below $1,000, MicroStrategy shares below $50, or total market cap below $350 billion. The previous winter (late 2021-2023) saw BTC drop from nearly $69,000 to $16,000.


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Myriad Prediction Market Dismisses Crypto Winter Fears Amidst Market Rebound
The specter of a crypto winter, an extended period of market downturn, appears to be receding, according to participants in the Myriad prediction m...








