Written by :
Press Release
Published on :
Gemini Predicted is out with their latest trading markets including where the price of Bitcoin ends up, the Knicks Eastern Conference chances and the CLARITY Act explained, including what transpired last week among lawmakers.
| Bitcoin finally tops $80K, traders turn bullish: The price of bitcoin pushed past the $80,000 mark on Monday, breaking through a key threshold after it nearly hit the mark last week before pulling back. The push higher came despite a breakout of hostilities in the Middle East, with the US and Iran exchanging fire in the Strait of Hormuz, marking the first sign of fighting in about a month. Gemini Predictions traders appear cautiously optimistic the top cryptocurrency will continue to push higher, pricing in a 46% chance it finishes the week at $82,000 or above. Trade bitcoin contracts here. |
| CLARITY Act hits snag again after compromise: Following months of negotiations, lawmakers reportedly reached a compromise late last week on stablecoin yield language for the CLARITY Act. But the banking lobby pushed back again in a statement Monday, saying the new text leaves gaps that could threaten deposits. Senator Tim Scott (R-SC) said he expects a formal markup for crypto’s long-anticipated market structure bill in the Senate later this month, but it’s unclear what happens next. The CLARITY Act stalled first earlier this year amid a disagreement between the banking and crypto lobby over the particulars of stablecoin offering yield. Trade the CLARITY Act here. |
| Knicks emerge as Eastern Conference favorites: In the span of a week, the New York Knicks have gone from fearing a potential first-round exit to becoming the favorite to win the Eastern Conference. After falling behind 2-1 to the Atlanta Hawks, the Knicks reeled off three straight wins, then dominated the Philadelphia 76ers 137 to 98 on Monday night in Game 1 of the Eastern Conference Semifinals. As of Tuesday morning, Gemini Predictions traders gave New York a 49% chance to win the Eastern Conference, up from 12% on April 24. Trade the NBA Eastern Conference Champion here. |
