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    Home»Altcoins»Myriad Strikes: Bitcoin Bearishness Grows as Gold Will get Nearer to Beating Ethereum to $5K – Decrypt
    Myriad Strikes: Bitcoin Bearishness Grows as Gold Will get Nearer to Beating Ethereum to K – Decrypt
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    Myriad Strikes: Bitcoin Bearishness Grows as Gold Will get Nearer to Beating Ethereum to $5K – Decrypt

    By Crypto EditorJanuary 23, 2026No Comments5 Mins Read
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    Myriad Strikes: Bitcoin Bearishness Grows as Gold Will get Nearer to Beating Ethereum to $5K – Decrypt

    In short

    • Predictors are almost sure that Bitcoin is not going to make a brand new all-time excessive earlier than July because the asset slipped beneath $90,000.
    • They’re extra bullish on gold, which is a near-lock in predictors’ eyes to hit $5,000 earlier than Ethereum.
    • Drama surrounding Zcash builders is subsiding, however predictors are nonetheless eyeing a dip forward.

    Tight ranges proceed to outline the crypto market, which has solely afforded merchants a constant dose of chop these days—just a few share factors up, just a few share factors down.

    Beneath, we’ll have a look at a few of this week’s prime prediction markets on Myriad, together with these centered on a brand new Bitcoin all-time excessive, Ethereum and gold racing to $5,000, and the place Zcash is headed subsequent as its latest developer drama subsides.

    (Disclaimer: Myriad Markets is a product of Decrypt’s father or mother firm, Dastan.)

    New Bitcoin all-time excessive earlier than July?

    Market Open: January 1
    Market Shut: June 30
    Quantity: $16K
    Hyperlink: See the newest odds on the “New BTC all-time excessive earlier than July?” market on Myriad

    Bitcoin jumped above $97,000 earlier this month, however was unable to maintain the momentum in a push in the direction of $100K. Since that point, the highest crypto asset has floundered, main predictors on Myriad to develop into much more bearish on its probabilities of making a brand new all-time excessive anytime quickly.

    As of Thursday afternoon, predictors give Bitcoin only a 19% likelihood of reaching a brand new all-time excessive—that’s, surpassing its October mark of $126,080—by July. That represents almost a ten% transfer within the final week, as the worth of BTC has slid beneath $90,000, not too long ago altering arms round $89,312. 

    President Trump’s latest waffling round his pursuit of Greenland and punitive tariffs in opposition to uncooperative EU allies haven’t helped the markets, with traders exiting Bitcoin ETFs to the tune of $709 million on Wednesday.

    Some crypto bulls stay optimistic, nevertheless—like Ripple president Brad Garlinghouse, who nonetheless foresees the crypto market reaching all-time highs in 2026. However Bitcoin might want to leap greater than 29% to overhaul its earlier excessive mark by July to fulfill this market’s believers.

    What’s Subsequent? Odds of a charge reduce on the finish of January proceed to fall, however the subsequent FOMC assembly may present a catalyst for a near-term BTC surge. 

    Gold versus ETH: Which hits $5K first?

    Market Open: October 15
    Market Shut: Open till decision
    Quantity: $140K
    Hyperlink: See the newest odds on the “Gold versus ETH: Which hits $5K first?” market on Myriad

    Considered one of Myriad’s longest-standing markets is nearing decision as gold continues to surge. The valuable metallic has now jumped 7.28% on the week and was not too long ago priced at $4,938—simply $62 away from resolving the market within the commodity’s favor. 

    The surge (and ETH’s subsequent fall) has led to a 16% swing in odds, which now worth the probability of gold reaching $5,000 first at 94%. Gold might want to rise one other 1.25% with a view to hit the market, in the meantime, ETH would want to leap 60% from its present worth of $2,948.

    Whereas Ethereum continues to be the main focus of the tokenization pattern, its worth lags, and sentiment factors to a transfer decrease slightly than larger—befitting of its simply 6% probabilities of hitting $5,000 first. 

    What’s Subsequent? Gold might want to quiet down significantly to offer ETH an opportunity at making a brand new all-time excessive of $5,000. 

    Zcash subsequent transfer: Pump to $550 or dump to $250?

    Market Open: January 8
    Market Shut: Open till decision 
    Quantity: $8.27K
    Hyperlink: See the newest odds on the “Zcash subsequent transfer: pump to $550 or dump to $250?”  market on Myriad

    Zcash (ZEC) was the darling of crypto markets within the last months of 2025, however now finds itself mired within the uneven market doldrums alongside Bitcoin and Ethereum. ZEC is now down round 13% within the final 30 days, and is almost 50% off its November excessive above $720, not too long ago altering arms at $364.05. 

    Because the token idles, predictors on Myriad are requested whether or not or not its subsequent cease is a pump to $550, or if it’ll proceed to slip to $250.

    Within the final week, opinions have modified, with odds swinging greater than 21%—now favoring a dump to $250 at 62% as of Thursday afternoon. At this level final week, predictors gave the pump to $550 a few 60% likelihood. 

    The token has been dealt an fascinating hand within the first month of the yr, with the staff at Electrical Capital Firm—which created and contributed to Zcash’s growth—leaving following a governance dispute with a nonprofit within the ZEC ecosystem. 

    The value of Zcash fell following the information, however then rebounded as soon as markets had been assured that the staff would proceed to work on Zcash, slightly below a unique firm.

    Analysts informed Decrypt on Thursday that the token’s near-term future is unlikely to see “an enormous divergence” from the broader crypto market, that means it could possibly be caught in impartial as long as Bitcoin and Ethereum keep uneven. One other analyst stated that whereas community exercise is effectively beneath its November peak, sufficient residual demand may help the asset within the near-term. 

    The token has rebounded about 2% within the final 24 hours, nevertheless it nonetheless sits about 51% away from the $550 mark outlined by the market. However, a 31% drop would fulfill the market and profit the vast majority of predictors who forecast a drop to $250.

    What’s Subsequent? This market will stay open till decision.

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