The price of Bitcoin has been on an upward trajectory for the last seven weeks. At present, Bitcoin is trading at different ranges in different crypto exchanges. One thing to note is that all the prices are heading towards $70,000. With that at play, there is a BTC price review on Polymarket: “What price will $BTC reach in July?”
Bitcoin nears $70,000
Polymarket bets have become a popular mode of betting, especially with the United States November politics. Amid the political bets, crypto traders have wagered on the price at which BTC will hit in July. There is a $1,167,176 bet that expires on July 31, 2024. From that portion, there is a $719,598 bet that BTC will hit $70K by the end of July. The rest is split between BTC at $75K and $80K.
Bitcoin has surged over 3% following the weekend’s 2024 Bitcoin Conference in Nashville. Donald Trump has hailed crypto, giving investors trading confidence. Crypto’s Fear and Greed Index has spiked to 74 within the last 24 hours.
The bet is being reviewed, and traders may cash in on their correct prediction. According to on-chain data from Binance, BTC is currently worth $67,97. However, the coin hit $69,932 two hours ago at 13:45 GMT. CoinGecko on-chain data shows BTC trading at $67,930. However, the coin hit $69,907 at 16:16 GMT +3. CoinMarketCap shows BTC traded at $69,932 at around 16:15 GMT+3. If Bitcoin stabilizes at $70K, traders will liquidate their wins at Polymarket.
Also Read: Is Ethereum Poised for a New High Following ETF Inflows?
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