Polymarket traders have raised the probability of Bitcoin reaching $67,500 in July to 70%, up from about 56% earlier this week. The market is also pricing an 82% chance of Bitcoin touching $65,000, while the probability of falling below $60,000 stands at 13%. At the same time, spot Bitcoin ETFs have posted net inflows for a fifth straight trading day this week, adding support to higher-price bets in the market. Separately, the Federal Reserve kept its target rate at 3.50% to 3.75%, and new Chair Kevin Warsh has shifted the central bank’s communication style toward a purely data-dependent approach.
Polymarket traders have raised the probability of Bitcoin reaching $67,500 in July to 70%, up from about 56% earlier this week, according to Odaily.
The market is currently pricing an 82% chance of Bitcoin touching $65,000, while the probability of the asset falling below $60,000 stands at 13%.
Spot Bitcoin ETFs log a fifth straight day of net inflows
Spot Bitcoin ETFs recorded net inflows for a fifth consecutive trading day this week, fueling stronger bets on higher price levels.
Fed keeps target rate unchanged
At the same time, the Federal Reserve held its target rate at 3.50% to 3.75%. New Chair Kevin Warsh has also shifted the central bank’s communication style to a purely data-dependent approach.
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