Archive for June 2024

After the initial debate of the 2024 election cycle, Republican candidate Donald Trump saw a significant boost in his odds of winning, according to Polymarket. This betting platform revealed increased market sentiment suggesting President Biden might not secure the Democratic nomination or could potentially withdraw from the race. Blockchain bettors were unimpressed with President Biden’s…

Bitcoin’s price action has led to four weeks of negative crowd sentiment, signaling a potential opportunity for bullish traders. Despite a 3% drop in the past 24 hours, sentiment remains pessimistic, with fear and disinterest prevailing. However, Santiment’s indicators suggest that whale accumulation and trader fatigue could lead to a bounce back. With Google Trends…

Drake’s $1 Million Crypto Bet on Oilers and Mavericks at Risk as Both Teams Trail 3-0 Canadian singer Drake is on the verge of losing $1 million in bitcoin after placing two separate $500,000 bets on the Edmonton Oilers and the Dallas Mavericks to win their respective NHL and NBA finals. Drake made the bets…