Bitcoin price has been on an upward trajectory for the past seven weeks. Currently, Bitcoin is trading in various ranges on various cryptocurrency exchanges. One thing to note is that all prices are heading towards $70,000. With that in mind, here is a BTC price review on Polymarket: “What will $BTC price be in July?”
Bitcoin closes in on $70,000
Polymarket Betting has become a popular form of wagering, especially with US politics in November. Among the political bets, cryptocurrency traders have been betting on what price BTC will reach in July. There is a $1,167,176 bet expiring on July 31, 2024. From that, there is a $719,598 bet that BTC will hit $70K by the end of July. The remainder is split between $75K and $80K BTC.
Bitcoin has surged more than 3% since the 2024 Bitcoin Conference in Nashville. Donald Trump praised the cryptocurrency, giving investors confidence in the deal. The cryptocurrency’s fear and greed index has surged to 74 in the past 24 hours.
The bet is under review, and traders can win cash for accurate predictions. According to Binance’s on-chain data, BTC is currently worth $67.97. However, the coin reached $69,932 2 hours ago at 13:45 GMT. CoinGecko on-chain data shows BTC is trading at $67,930. However, the coin reached $69,907 at 16:16 GMT +3. CoinMarketCap shows BTC is trading at $69,932 at 16:15 GMT +3. Once Bitcoin stabilizes at $70,000, traders will liquidate their profits on Polymarket.
Also Read: Is Ethereum Ready for New All-Time Highs Amid ETF Inflows?