BlackRock ended its inflow streak with its largest outflow on record, nearly $12.7 million more than its previous biggest outflow day.

BlackRock’s Bitcoin ETF ends 31-day inflow streak with biggest outflow ever

Bitcoin’s rise above $105,000 could improve sentiment, triggering a rally in 
ETH, HYPE, TAO, and QNT.

Bitcoin could consolidate, but ETH, HYPE, TAO and QNT may resume their up move

Quant rallied in May as demand for coins in the real-world asset tokenizing 
industry rose. It also jumped as the supply of tokens on exchanges fell.

Quant rallies as tokenized reality catches up to the hype

Legal actions against the Libra meme coin, which was shared by Argentina&#8217;s 
President Javier Milei, continue to progress. This week, Circle froze two 
addresses containing over $57 million in funds, while authorities investigate 
the involvement of individuals allegedly linked to the meme coin. Libra Probes 
Advance: Circle Freezes $57 Million, Argentina Scrutinizes Communications The 
investigations […]

Libra Case Update: $57 Million Frozen, Investigations Progress

Bitcoin traders eye the weekly close for cues as to where BTC price action may 
be headed next — but sub-$100,000 levels are already on their radar.

Bitcoin traders target $100K and under as monthly close seals 11% gain

A prominent crypto analyst with X username PlanD has backed Bitcoin to 
maintain its uptrend despite some significant price retracement in the past 
week. Notably, PlanD states the premier cryptocurrency remains on course for a 
$340,000 price point but only if a specific support zone remains valid. 
Related Reading: Bitcoin Sharpe Ratio Says It’s Time For ‘Cautious Optimism’ — 
Further Upside Growth Incoming? Bitcoin Bullish Momentum Hinges On $91,000 &#8211; 
$100,000 Support Structure In an X post on May 31, PlanD outlined Bitcoin&#8217;s 
potential to soon re-enter price discovery mode regardless of the recent price 
dip. Since hitting a new all-time high at $111,970, the flagship 
cryptocurrency has slipped into a minor corrective phase, forcing market 
prices to go below $104,000. However, PlanD explains that Bitcoin’s price 
action has a 3-year giant cup and handle pattern that postulates the digital 
asset is set for immense price gains in the current bull cycle. The cup-and- 
handle pattern is a common chart pattern that signals a bullish continuation 
in price movement. As illustrated in the chart above, the cup is formed 
Bitcoin’s crash from its previous all-time high at $69,000 in November 2021 
followed by a stabilization and recovery period which lasted until March 2024 
when Bitcoin returned to the same price level. This is followed by the handle 
which is the descending channel as seen from March 2024 to around October 2024 
before Bitcoin achieved a decisive price breakout above the neckline of 
$76,000 in November 2024. Despite registering impressive strides from this 
price point to around $112,000, PlanD notes that the Cup-and-Handle pattern 
tips Bitcoin to hit a price target of $340,000 before 2025. Amidst the ongoing 
retracement, the analyst states that this bullish structure remains in place 
as long as Bitcoin remains above the support price zone of $91,000-$100,000. 
Provided the premier cryptocurrency does not fall below this price level, the 
ongoing correction is expected to serve as mere pullback in preparation for a 
major upswing. Related Reading: XRP Price Risks Crash Below $2 As Correction 
Takes Hold, Here’s Why Bitcoin Price Overview At the time of writing, Bitcoin 
trades at $104,739 following a minor price gain of 0.64% in the past day. 
Meanwhile, the asset&#8217;s daily trading volume is valued at $40.03 billion 
following a 31.28% increase in the past day. Despite this slight price 
increase in the past day, Bitcoin must return to its current all-time high at 
$111,970 to neutralize any current bearish potential. However, the premier 
cryptocurrency will face familiar resistances at the $106,000 and $109,000 to 
achieve this task. Featured image from Getty Images, chart from Tradingview