Resolution criteria:

This market will resolve to "Yes" if the price of Bitcoin (BTC) is above $100,000 at 11:59 PM IST on April 30, 2025. The price will be determined based on the closing price reported by a widely recognized cryptocurrency exchange or financial data provider i.e. CoinMarketCap. If the closing price is $100,000 or below, the market will resolve to "No."

Background:

As of April 22, 2025, Bitcoin is trading at approximately $86,000. The cryptocurrency experienced significant growth in 2024, surpassing the $100,000 milestone in December, driven by factors such as the approval of spot Bitcoin ETFs and favorable regulatory developments. (reuters.com) However, the price has since retracted from its peak.

Considerations:

• Market Volatility: Bitcoin is known for its price volatility, with rapid fluctuations influenced by market sentiment, regulatory news, and macroeconomic factors.

• Regulatory Environment: Changes in cryptocurrency regulations, especially in major markets like the United States, can significantly impact Bitcoin's price.

• Institutional Adoption: Increased participation by institutional investors through vehicles like ETFs can drive demand and influence price movements.

• Macroeconomic Factors: Global economic conditions, including interest rate changes and inflation, may affect investor appetite for risk assets like Bitcoin.

Traders should monitor these factors closely as they can influence Bitcoin's price trajectory leading up to the end of April 2025.