MetaMask adds Polymarket prediction markets to mobile app

Polymarket has reported a surge in the odds of Bitcoin dropping to $80,000 by year-end, now standing at 40%, indicating a shift in market sentiment towards skepticism regarding Bitcoin's near-term growth. This development reflects broader concerns among investors about the cryptocurrency's stability and potential price declines.

Polymarket is planning to implement an in-house market maker to trade against users, as part of its expansion efforts in the U.S. This move comes amid scrutiny faced by rival Kalshi over similar trading practices, highlighting a competitive landscape in the prediction market sector.

XRP is currently consolidating into a triangle pattern around the $2.00 mark, with major resistance identified at $2.20. A decline in trading volume suggests that a breakout is imminent, as the cryptocurrency approaches critical price levels that could influence its future trajectory.

The price of Provenance’s HASH token has increased by approximately 20% in a single day and 7% over the week, reflecting a notable uptick in trading volume across several key platforms. This surge comes as the market capitalization of Provenance surpasses $1.3 billion, indicating a strong performance amid a generally flat cryptocurrency market.

Polymarket is hiring an in-house team to engage in market making, a move that has raised concerns among experts regarding the potential blurring of lines between prediction markets and traditional sportsbooks. This development could undermine the platform's perceived neutrality as it begins to trade against its own customers.

Dogecoin's price metrics indicate a reset in its price cycle, with current trading levels around $0.15 and a key resistance barrier at $0.20. The cryptocurrency has shown signs of subdued valuation, increased active addresses, and notable whale accumulation, suggesting a potential shift in market dynamics.

Solana's price is currently targeting a bullish move towards $150, supported by recent network upgrades, increased developer activity, and improving technical indicators. This comes after the cryptocurrency stabilized around the $143 support level following a multi-week decline, indicating a potential shift in market sentiment.

Bitcoin's price market is currently reflecting conditions similar to early 2022, as reported by Glassnode, with an increase in supply at a loss and diminishing profits for long-term holders. This trend indicates a sideways market structure reminiscent of previous periods of stagnation.