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Cryptocurrency News Articles

The crypto market is in a bloodbath, but Polymarket is not.

Mar 01, 2025 at 02:28 am

According to on-chain data from CoinGecko, the global crypto market cap today stands is $2.76 Trillion. The market has lost 8.0% value in the last 24 hours.

The crypto market is in a bloodbath, but Polymarket is not.

The crypto market is in a bloodbath, but Polymarket is not. According to on-chain data from CoinGecko, the global crypto market cap today stands is $2.76 Trillion. The market has lost 8.0% value in the last 24 hours.

This is a market pain, but traders on Polymarket are making a killing on predictions of what the future crypto market under Trump looks like.

Polymarket is a big part of the Trump market as is crypto. During the last American election cycle, the betting platform was a big part of the market sentiment towards Trump-Vance and Kamala-Waltz.

Now, Bitcoin is down 21.8% in the last month. Ethereum is suffering the most. The coin is down 31.9% in the last month and 36.2% in the last year. On the other hand, XRP is down 33.5% in the last month, barely hanging on the $2 mark.

It’s a bloodbath for all. Gold extended its decline on Friday, falling over 1% to trade around $2,863, pressured by ongoing uncertainty surrounding US trade policies. Moreover, Oil prices slipped 1% on Friday, with both Brent and WTI benchmarks poised for their first monthly drop since November.

Lastly, stocks fell sharply, with the S&P 500 leading the decline, finishing the day clocked lower by almost 1.6% at 5,860. Meanwhile, the Nasdaq 100 dropped nearly 2.75%, closing at 20,550. This decline was primarily driven by Nvidia, which fell 8.5% to end the day at 120.

Will XRP reach $2.8 in February? It did

The decentralized market betting platform had only foreseen the third-largest token by market cap to be reaching $2.80, 12% less than what the token clocked.

Now, over 98% of Polymarket participants see the token not reaching its all-time high values in March. Owing to the current market’s bearish outlook, we could say they aren’t making a prediction, they’ve made a spoiler.

What price will Ethereum hit by March 31?

The most “frowned upon” cryptocurrency in 2025 so far has counted losses on losses in the past few weeks- not many investors really want to be holding onto the crypto right now.

Accusations of dumping, the lack of confidence from some developers in the Ethereum Foundation; it’s no question that most bets on Ethereum are all on the negative side.

We have more bad news for hodlers; Polymarkets predicts ETH will not reach an all-time high value in February, and we don’t have to tell you the result. For the next two months, only 3% are head-strong, and the coin goes near $4,500, let alone hit a new all-time high value.

Will Bitcoin hit $200K by March 31?

As earlier pointed out, Bitcoin is in a bit of a crisis. According to on-chain data, Bitcoin is currently trading at $84,113, down 14.4% in a week.

Well, Polymarket traders have another thought in mind. There are predictions and bets put in that Bitcoin will hit $200k by the end of March.

There are other bets that BTC will clock $150K, 130K, 120K, and what looks like a realistic $110K. The one driving factor, Trump, is no longer a market factor for how the market outlook will play out.

The SEC has been closing cases against crypto since the new administration handover, but that has done little to push a positive market sentiment. What else could push the crypto market to earlier market prediction? Perhaps Bitcoin believers who stand by Satoshi Nakamoto.

AI models, what will happen before May?

To say 2025 has been an eventful year for artificial intelligence is an understatement, but if you have experienced every model out there right now, the more the merrier, right?

Well, Polymarkets says that by March 31, all you will need is a model from Sam Altman’s OpenAI, Elon Musk’s xAI, and Anthropic’s Claude AI, in that specific order. Interestingly, only 12% of bettors predict that Chinese-made AI models will top efficiency and user charts by April.

In addition to the “thumbs down” vote that Asian platforms have been given, 96% do not want DeepSeek to climb above the rank of any US-based AI chatbot. Grok isn’t the people’s choice either, with only 2

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Other articles published on Mar 01, 2025