Crypto Traders Face Bleak Holiday Outlook

The holiday season is usually a time for cheer, but crypto traders aren't feeling the festive spirit this year. Predictors on Myriad, a platform for forecasting market trends, are not optimistic about a Santa rally for major cryptocurrencies like Bitcoin and Ethereum. The odds are heavily stacked against a surge that would push Bitcoin to $100, 000 or Ethereum to $4, 000 by Christmas. The market for a Santa rally is overwhelmingly bearish, with 96% of predictors believing that the rally won't happen. This sentiment has grown stronger in the past week as the prices of these cryptocurrencies have continued to drop. Bitcoin and Ethereum have seen significant declines, with Bitcoin down 8. 5% and Ethereum down 11. 4% in the last 30 days. Solana and Binance Coin have also taken a hit, with drops of 16. 2% and 11. 8% respectively.Meanwhile, predictors are also weighing in on other hot topics. One market is focused on whether President Trump will pardon Keonne Rodriguez, a developer sentenced to five years in prison for his role in creating a Bitcoin mixer application. Despite Trump's recent comments suggesting he might consider a pardon, predictors are skeptical, with 80% believing Rodriguez won't be pardoned by February. In a lighter vein, predictors are also placing bets on the fate of Steve Harrington, a beloved character from the hit show "Stranger Things. " With the final season airing, predictors are optimistic about Steve's chances of survival, giving his death a mere 17% probability. This is a significant drop from last week's odds, likely influenced by the events of the first four episodes. The markets for these predictions close at different times, with the Santa rally market closing on December 23, the Keonne Rodriguez market closing on January 29, 2026, and the Steve Harrington market closing on December 25.