News linked to both this project and an event.
Bitcoin broke through the $64,000 resistance level on Tuesday, reaching a daily high of $65,511 before settling at $64,858, down 0.18% on the day. Chart data indicates that the descending trend channel Bitcoin has been in since approaching $82,000 in May has not yet fully lost its effect. Technical indicators show that Bitcoin's 50-day moving average is below its 200-day moving average, forming what traders call a "death cross." The ADX stands at 23.4, indicating a weakening bearish trend; the RSI is at 55.7, placing it in a neutral to slightly bullish range. Traders on the prediction market Myriad assign a 66.6% probability that Bitcoin will first drop to $55,000, with a 33.4% probability that it will first rise to $84,000. These probabilities have not shifted significantly with recent price fluctuations.
investment firm Bernstein has released a report indicating that the expanded 48-team 2026 FIFA World Cup, set to take place in North America, is expected to drive up to $10 billion in consumer transaction volume for sports betting and prediction markets, along with over $3 billion in incremental capital.Bernstein analysts pointed out that this World Cup could be a turning point for prediction markets and online sports betting platforms, accelerating the development of platforms like Kalshi and Polymarket. Robinhood is leveraging this opportunity to commercially launch its CFTC-licensed prediction market exchange, Rothera. Institutions such as Binance and Coinbase are also offering World Cup contracts through partnerships. Currently, on the Myriad platform, Spain and France have the highest odds of winning. (Decrypt)