The Crypto Market Bloodbath

The crypto market is experiencing a significant decline, with a global market cap of $2.76 Trillion, down 8.0% in the last 24 hours. However, traders on Polymarket are profiting by predicting future crypto trends under Trump.

Polymarket’s Performance

Polymarket plays a key role in cryptocurrency sentiment, similar to its influence during the last U.S. election cycle concerning Trump and Vance vs. Kamala and Waltz.

Currently, Bitcoin is down 21.8% for the month, while Ethereum has suffered 31.9% in the last month and 36.2% over the past year. XRP’s decline is noted at 33.5%, barely staying above the $2 mark.

Broader Market Trends

Gold prices have dipped over 1%, hitting around $2,863, influenced by uncertainty regarding U.S. trade policies. Oil prices also saw a decline of 1%, marking their first monthly drop since November. Meanwhile, stocks have plunged, with the S&P 500 dropping by almost 1.6% and the Nasdaq 100 by 2.75%, largely due to Nvidia falling 8.5%.

XRP Predictions

In February 2025, Ripple’s XRP hit $3.04, surpassing Polymarket’s forecast of $2.80. Currently, over 98% of Polymarket users believe XRP won’t reach past records in March, highlighting a bearish market sentiment.

Ethereum’s Forecast

Ethereum is facing negative bets, with Polymarket predicting it won’t achieve all-time high values in February. Only 3% expect Ethereum to approach $4,500 in the coming months.

Bitcoin’s Future

Bitcoin is currently trading at $84,113, down 14.4% weekly. Despite this, traders are betting it could hit $200k by the end of March, with additional bets placed on lower targets like $110K. The market is still reeling from the effects of the Trump administration.

AI Model Predictions

Polymarker speculations for AI indicate reliance on models from OpenAI, xAI, and Claude AI, as 96% of participants doubt Chinese models will lead by April.

Government Audit Expectations

There’s anticipation surrounding Elon Musk’s plans for an IRS audit, with 76% believing it will happen before April 30. Trump also plans to verify U.S. gold reserves at Fort Knox, with a 66% chance this will take place before May.

In contrast, 95% of bettors see no potential changes in interest rates that could alleviate the current market downturn.