Bitcoin Price Test Looms on August 18, 2026: $64,000 at Stake
The price of Bitcoin is about to face a crucial test on August 18, 2026, at 6am EDT. According to Robinhood Derivatives, LLC, the market will determine whether BTC's price will reach or surpass $64,000. If it does, owners of contracts predicting this outcome will receive a payout.
The price used for determination is based on CF Benchmarks' Real Time Index (RTI). At the last minute before expiration, 60 RTI prices are collected, and the official value is the average of these prices. Those who own contracts will receive $1 for every contract they own if their prediction proves correct.
However, it's essential to note that trading on this event involves significant risk and may not be suitable for everyone. According to the terms and conditions, certain individuals, such as those employed by Source Agencies or holding material non-public information on Bitcoin, are prohibited from trading on the contract.