Polymarket Resolves Bitcoin $70K Bet No as Price Closed $69,319
Polymarket resolved its Bitcoin $70,000 market to "No" on March 25, 2026, following a close below the threshold at noon ET on March 24.
- 01Polymarket event resolved to 0% Yes on March 25, 2026
- 02CoinDesk Index closed at $69,319.51 on March 24, 2026
- 03BTC price is $70,697 as of March 25, 2026
What Happened
Bitcoin (BTC) traded at $70,697 as of March 25, 2026, reflecting a +0.27% 24h change. The prediction market Polymarket resolved its question "Will the price of Bitcoin be above $70,000 on March 24?" to "No" (0% Yes) on March 25, 2026 Polymarket. The CoinDesk Bitcoin Price Index closed at $69,319.51 on March 24, 2026, failing to meet the criteria Morningstar. Volatility saw the asset trade both above and below the $70,000 threshold throughout the day.
:::chart BTC 7d
Background
Resolution relied on the Binance BTC/USDT 1-minute candle at 12:00 PM ET on March 24, 2026. This specific timestamp is standard for preventing ambiguity in binary outcome markets. While CoinCodex reported BTC at $70,272 at 06:00 UTC on March 24, 2026, the granular data source dictated the final result CoinCodex.
The Bull Case
FX Leaders noted on March 24, 2026, that Bitcoin's rebound to $71,782 indicated strong "risk-on" sentiment and potential for a long-term hedge against currency devaluation FX Leaders. Analysts cited by the platform argued the correction below $70k was temporary.
The Bear Case
Dow Jones Market Data reported the CoinDesk Bitcoin Price Index fell 1.92% to $69,319.51 on March 24, 2026, noting the asset was down five of the past seven days Morningstar. The consistent downward pressure challenged the bullish threshold.
What to Watch
Traders should monitor upcoming Polymarket events regarding price thresholds. The "No" resolution reflects the market's reliance on precise, granular data rather than daily average prices. Future volatility around the $70,000 level remains likely as support tests continue.