Written by :
Aaron Goldstein
Published on :
Gemini Predicted has a featured market on Bitcoin's price for the month of May along with the Colorado Avalanche and Carolina Hurricanes trading spots as Stanley Cup favorites.
| Bitcoin traders eye $85,000 in May after choppy start to week: The price of bitcoin pushed past $82,000 on Monday before dipping back under briefly $80,000 on Tuesday morning after the CPI print for April hit 3.8% year-over-year, exceeding analyst expectations. The move lower comes amid strong bitcoin ETF inflows and continued uncertainty over the stalemate between the US and Iran in the Strait of Hormuz. Despite the mixed picture, a majority of traders continue to remain optimistic about the coming weeks, pricing in a 58% chance bitcoin hits $85,000 this month. Trade bitcoin contracts here. |
| CLARITY Act odds continue to climb: Despite a last-ditch attempt from the banking lobby to derail the CLARITY Act, the long-awaited crypto market legislation is scheduled for a mark-up in the Senate Banking Committee on Thursday. The proposed bill still has a few unresolved issues, including whether it will include an ethics provision, but there’s growing confidence it will finally become law after months of back-and-forth. As of Tuesday, Gemini Predictions traders gave the CLARITY Act a 68% chance of being passed into law by 2027, up from 42% last month. Trade the CLARITY Act here. |
| Colorado Avalanche, Carolina Hurricanes trade spots as Stanley Cup favorites: The Hurricanes and Avs have both breezed through the NHL playoffs so far, with each jostling for the number one spot as the Stanley Cup favorite. On Monday, Colorado pummeled the Minnesota Wild 5-2 to take a 3-1 series lead in the Western Conference Semifinals. And traders took notice, with Colorado’s Stanley Cup odds surging to 44%, surpassing Carolina. The Hurricanes have breezed through the first two rounds of the NHL Playoffs, sweeping the Ottawa Senators in the first round and the Philadelphia Flyers in the Eastern Conference Semifinals, pushing their title chances from 16% to 38%. Trade the Pro Hockey Champion contract here. |
More Featured Markets
When will traffic at the Strait of Hormuz return to normal? - Just 41% believe this will happen prior to July 31 of this year. Iran’s Fars news agency posted a video on Monday showing vessels in the Strait of Hormuz. According to a Fars correspondent, the video shows ships in the northern part of the strait, which is still closed. It comes as Iran and the U.S. have yet to reach an agreement over how to end the war.
Which party will win the U.S. House in November? - 75% of traders are backing the Democrats with just over $121,000 in volume as of May 13.
- Aaron Goldstein, Gambling911.com
