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Analyst: Bitcoin Could Fall to Below $65,000 if $70,000 Support is Lost

1 hours ago

On May 31, Michael van de Poppe, founder of MN Trading Capital, flagged Bitcoin is sitting at a critical juncture right now. If it can’t hold its price above the $70,000 support level, he forecasts a drop below $65,000. The $71,000 range is the most key support at the moment, van de Poppe stressed, and holding this zone would prevent a deeper market pullback. He also noted the current market structure is totally different from the February downturn, so he doesn’t expect Bitcoin to hit new lows this time around. For context, van de Poppe added that if the current support holds, Bitcoin could push past the $76,600 threshold—something that would trigger a strong rally in the altcoin market. Meanwhile, spot Bitcoin exchange-traded funds (ETFs) have seen net outflows for 10 straight trading days, with total outflows surpassing $2.97 billion since May 15. However, Santiment’s analysis suggests that ongoing ETF outflows may actually signal the market is nearing a temporary bottom.
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Polymarket Prediction: Probability of "Bitcoin Reaching $100,000 This Year" Drops to 33%

May 31: The probability that Bitcoin will hit $100,000 this year, as priced by prediction market Polymarket, has fallen to 33% — down from 49% on May 10. Separately, Polymarket currently places a 56% chance of BTC reaching $90,000 by year’s end, while the odds of it dropping to $50,000 stand at 42%.

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Polymarket's protocol revenue in the last 24 hours has surpassed Pump.fun.

On May 31, data from Defillama shows Polymarket generated $999,000 in revenue over the past 24 hours, edging out Pump.fun’s $848,000 to take the 5th spot among all DeFi protocols. The platform’s total revenue has now topped $60 million.

8 minutes ago

Iranian Parliament Speaker: No Agreement Will Be Approved Until the Rights of the Iranian People Are Ensured

May 31 – Iranian Parliament Speaker Qalibaf stated in his opening address at the first session of the third year of the 12th parliament that diplomatic personnel have absolute distrust for the enemy’s words and promises. Iran’s sole criterion is objective, tangible results that must be achieved, and it will fulfill its commitments based on such results. The country will never approve any agreement until the legitimate rights of the Iranian people are fully protected. (CCTV News)

8 minutes ago

Loracle once again liquidates a $16 million HYPE short position and increases long positions in ZEC, TON, and ASTER

As of May 31, HyperInsight monitoring shows Loracle has further cut its $16 million HYPE short position, now holding 1.301 million HYPE worth approximately $89 million, with floating losses topping $30 million. On the other hand, Loracle increased long positions in ZEC, TON, and ASTER by a total of around $6.5 million, and these long positions continue to rise.

8 minutes ago

Vietnam Proposes Allowing Small and Medium Enterprises to Use Digital Assets as Loan Collateral

May 31 – Vietnam’s Ministry of Finance is proposing to expand access to financing for small and medium-sized enterprises (SMEs) by allowing them to use digital assets, virtual assets, intellectual property, and other types of assets as collateral for bank loans. The proposal is included in a draft amendment to the *Law on Support for Small and Medium-Sized Enterprises*, which is currently open for public comment. Under the new framework, businesses would be able to pledge digital assets, virtual assets, intangible assets, intellectual property, and even future assets (assets not yet formed) as loan security. Vietnam highlighted that SMEs and individual businesses make up more than 98% of the country’s total enterprises, yet their loan balances only account for roughly 20% of national bank credit – a gap the policy aims to narrow. Separately, Vietnam is ramping up regulation of its cryptocurrency sector. In March this year, the country opened an application process for local crypto e

8 minutes ago

Arthur Hayes is bullish on HYPE's market cap surpassing SOL, stating that it should be ranked higher.

May 31: BitMEX co-founder Arthur Hayes called out most of the top-ranked cryptocurrencies by market cap today as "shitcoins," claiming HYPE will surpass SOL before the current bull cycle wraps up. Per Coingecko data, HYPE currently holds a $15.04 billion market cap, while SOL stands at $47.73 billion—creating a roughly $32.69 billion gap between the two assets.

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