The price of Bitcoin has since partially rebounded to $74,744, still showing a more than 4% dip on the day. The slide comes amid tumbling asset prices across crypto and traditional markets, where indices like the S&P 500 and Nasdaq Composite have fallen 1.41% and 2.22%, respectively, in the last trading day.
Those indices have been pulled down by popular tech stocks like payments firm and stablecoin issuer PayPal (PYPL), which has fallen more than 19% on the day following its earnings report. The move away from risk-on assets also comes amid a partial U.S. government shutdown, which has dragged on into its fourth day.
The largest precious metal has jumped nearly 6% on Tuesday amid falling risk asset prices, recently changing hands at $4,924 after partially rebounding from a pre-weekend plunge.
Bitcoin's drop has led to a major flip in sentiment for predictors on Myriad—a prediction market operated by Decrypt's parent company, Dastan—who now favor the asset to drop to $69,000 before a pump to $100,000.
Last week, predictors on the platform expected the jump to $100,000 with odds standing as high as 70% in favor of the move. Since that time, though, predictors have yielded to bearish assumptions, completely flipping the odds to favor the drop to $69,000 at 75%.
