Prediction markets show bullish bets on BTC, bearish on ETH

Prediction market traders are optimistic about Bitcoin's short-term upside but are less confident about Ethereum (ETH), Decrypt reported. Traders on Myriad Markets see a higher probability of BTC rising to $84,000 before falling to $55,000. For ETH, however, they see a greater chance of it dropping to $1,500 before rising to $3,000. On the platform Kalshi, the probability of ETH trading above $2,500 this month is seen as 39% or less. Meanwhile, some predictions on Polymarket suggest ETH could lose its spot as the second-largest cryptocurrency by market capitalization this year.