Bitcoin has added $327 billion in market cap since its February 5 bottom, and the odds of a dip to $60,000 in April have collapsed. The April 15 market is now at
The recovery coincides with ongoing US-Iran geopolitical tensions. The April 16 sub-market for Bitcoin above $68K is at
Volume is at $390,585 in USDC traded over the past 24 hours, with the April 16 market alone accounting for $301,452 in daily volume. At these levels, it would take major capital to move the odds in any direction.
The $327 billion recovery points to a support level forming around $65,000-$66,000. That this happened during active US-Iran tensions, rather than in a calm macro environment, makes the floor more credible. But any escalation in the conflict could still hit sentiment and price.
Watch US-Iran ceasefire negotiations. A breakdown could trigger risk-off moves that test Bitcoin’s current support. Comments from Larry Fink and Jerome Powell, along with geopolitical developments, will shape how traders position over the coming weeks.
Get prediction market intelligence as a structured API feed. Early access waitlist.