Resolution criteria

This market will resolve to the price range that contains the CoinDesk Bitcoin Price Index (XBX) spot price at precisely 8:00:00 AM EST on the resolution date. The price will be recorded as displayed on CoinDesk's official website, without additional rounding. If the recorded price falls exactly on an upper bound of a range (e.g., $102,499.00), it will resolve to that specific range. The market will resolve to "Below $100,000" if the price is less than $100,000, and "120,000 or above" if the price is $120,000 or greater.

Background

Bitcoin (BTC) is the world's largest cryptocurrency by market capitalization, known for its decentralized nature and price volatility. Its price is influenced by various factors including global economic news, regulatory developments, technological advancements, and overall market sentiment. The CoinDesk Bitcoin Price Index (XBX) is a USD-denominated reference rate for Bitcoin's spot price, which aggregates real-time prices from multiple constituent exchanges to provide a representative market price.

Considerations

Traders should note that while CoinDesk's index aims for a representative spot price, minor discrepancies might exist between various price aggregators or individual exchanges due to differences in data sources, calculation methodologies, and real-time market latency. The resolution will strictly adhere to the designated source at the specified time.