Cryptocurrency Surge: Bitcoin and Ethereum Gain Momentum in 2024

When exploring sportsbooks, it’s essential to assess the available options thoroughly. Discovering unique financial markets that offer exclusive betting opportunities can be fascinating. 

We want to remind you that the best way to ensure you have all the necessary information before placing any bet is to check out the best sportsbook reviews.

For instance, BetOnline allows you to bet on the prices of stock shares, allowing you to profit from the stock market without actually purchasing any shares.

Let’s look at some of the less conventional markets available. However, it is worth exploring betting opportunities in the cryptocurrency market and considering its future trajectory.

The first market we will examine is the price of Bitcoin at the end of May.

Bitcoin End of May Price

Bitcoin End of May PriceBetOnline ReviewBetUS ReviewBovada
Over $63500.50-110-110-110
Under $63500.50-120-120-120

Oddsmakers have flipped the script and are now skeptical of Bitcoin. They’ve set the odds on Over $63,500.50 at -110. The Under is priced at -120, indicating an implied probability of 54%.

Let’s look at why Oddsmakers have had this sudden change of heart regarding Bitcoin.

Bitcoin dropped about $6500 last month but spiked several times in April. Everything indicates that Bitcoin will continue to increase this month.

I agree with the oddsmakers and would bet over $63,500.50 at -120 odds.

Over $63,500.50Bitcoin End of May Price
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Several websites offer wagering opportunities; you can even choose to use the newest form of funds transfer, cryptocurrency. We have a list of the best betting sites that accept cryptocurrency as a payment method.

Bitcoin End of Year Price

After we’ve explored the market for Bitcoin’s price at the end of May, let’s extrapolate what the price will be at the End of the Year.

Bitcoin End of YearBetOnline ReviewBetUS ReviewBovada
Over $68000.5-150-150-150
Under $68000.5+110+110+110

Bitcoin has seen a massive increase in the past year, more than doubling its initial value. It has increased by about $35K in the past year—an increase of over 125%!

Although it seems like Bitcoin has been skyrocketing lately, the upcoming halving event in April did not lead to the projected increase.

I agree with the oddsmakers on this one; it feels like a reactionary number. Last month, oddsmakers were willing to go all the way up to $75,500 for Bitcoin’s end-of-year price.

A decline of $7000 in one month feels like a lot in the short term, but by year’s end, I would have to agree that Bitcoin will be over $68,000.50.

I would bet Over $68,000.50 at -150 odds, even though it is tempting to try and fade the oddsmakers with the plus money odds offered on the Under at +110.

Over $68,000.50Bitcoin End of Year Price
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Bitcoin Vs. Ethereum

Let’s delve into a unique market that pits two of the most popular cryptocurrencies against each other. We’re presented with the option to bet whether Bitcoin will reach $100,000 first or Ethereum will reach $6,000.

Bitcoin vs EthereumBetOnline ReviewBetUS ReviewBovada
Bitcoin hits $100000-130-130
Ethereum hits $6000-110-110

It’s an intriguing speculation because Bitcoin is currently far from $100,000, while Ethereum sits at $3,000. Although Ethereum’s target seems closer, we must recognize Bitcoin’s potential.

Oddsmakers have given Bitcoin a slight edge, with (-130 vs. -110) odds, but this difference doesn’t seem significant enough to draw any concrete conclusions.

Further research suggests that Ethereum may be gaining popularity, but the evidence doesn’t fully support this claim.

In this scenario, I respectfully agree with the oddsmakers. I have confidence in Bitcoin’s trajectory and will continue to support it whenever the opportunity arises.

Bitcoin hits $100,000TO happen first
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Tony Reyes

Tony is a pro sports journalist who dedicates most of his free time to watching the latest matches and games on TV. When he's not participating in sports-related activities or seeing his friends, Tony enjoys outdoor activities such as hiking, cycling, and basketball. In addition to being a sports expert, Tony has extensive knowledge of finances and accounting. He leverages this expertise to provide insightful betting analysis for all sports, identifying value based on overlooked factors.