News

BlockBeats reported on May 31 that Bitcoin fluctuated near $73,500 over the weekend. If it remains at this level, Bitcoin will record a monthly decline of about 3% in May. Next week, U.S. labor market data will become an important variable influencing risk assets, with key releases including the ISM Manufacturing PMI, ADP employment data, and the nonfarm payrolls report. Bitwise Europe’s Head of Research, Andre Dragosch, stated that if Bitcoin continues to trade based on the logic of economic growth and risk appetite, it should be repriced higher from current levels. Trader Rekt Capital stated that $73,000 is currently a key support level. If Bitcoin’s weekly close remains above this level, it will be more favorable for confirming a double bottom breakout pattern and supporting the continuation of the subsequent upward trend.

BlockBeats News, May 31, according to GMGN monitoring, the Meme coin "an exchange Life" has been continuously rising since yesterday evening. It surged another 21% tonight, reaching a market capitalization of $598 million, hitting a new all-time high. It is currently valued at $589 million, with a nearly 24-hour increase of 31%. At the same time, on-chain trading volume has reached $11 million. BlockBeats Note: Meme coins are highly volatile, relying heavily on market sentiment and concept speculation, without actual value or use case. Investors should be aware of the risks involved.

According to CNBC, Mastercard has acquired a Bitcoin and cryptocurrency company for $1.8 billion and plans to integrate digital assets. (The Bitcoin Historian)