Bitcoin on Track for First Negative Month Since December

05/31 23:30

Bitcoin is set to end May with a 7% drop, marking its first negative month since December 2020. However, this is an improvement from May 2021 and 2022 when Bitcoin lost 35.38% and 15.56% respectively. Technical selling and macro headwinds, including a stronger US dollar and hawkish Fed speak, have weighed on Bitcoin's price. June historically has been Bitcoin's worst month for price appreciation, with an average appreciation rate of only 7% since 2011. 

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