Myriad Moves: Bitcoin Odds Flip Bearish as Traders Expect Longest US Gov Shutdown in History
Update: 2025-10-30
Description
Despite a tight price range for top coins like Bitcoin and Ethereum, prediction markets show increased volatility. Bitcoin's price hovers just above $100,000, with odds of reaching $120,000 dropping to 43% after Powell's comments. The crypto market also faces uncertainty due to huge liquidations and a potential government shutdown. Meanwhile, the stablecoin sector continues to grow, with a total value of over $110 billion. Prediction markets are heating up as traders bet on Binance Coin's rise over XRP. The crypto outlook remains complex, with the US government shutdown threatening to extend beyond the record-setting 35-day mark. The stablecoin market cap's potential growth to $360 billion by February is uncertain, with odds now at 50/50.
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