Weekly Institutional Insights — Polymarket Continues to Gain Traction as the US Election Approaching
Bybit Learn Official
•
July 22, 2024
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The past week began with news from Mt. Gox announcing plans to distribute repayments in July, which led to a 5-7% decline in both Bitcoin and Ethereum. Ethereum quickly recovered, likely buoyed by the ETF narrative, while Bitcoin showed a modest recovery with minimal volatility. Meanwhile, meme coins remained one of the best-performing sectors, with coins like PEPE, WIF, BONK, and BRETT seeing notable surges.
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