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News Explorer — Bitcoin on Track for First Monthly Loss Since December

Generated by AI, curated by humans

May 30, 8:00 am

Coindesk

Bitcoin on Track for First Monthly Loss Since December

Bitcoin (BTC) has seen a 7.5% rise from last week's lows but is still on track for its first monthly loss since December. The leading cryptocurrency is down 5% for the month and is set for a 7% monthly decline against ether (ETH). The Federal Reserve's hawkish bets have boosted the U.S. dollar, which has a negative correlation with Bitcoin.

Bitcoin (BTC) has seen a 7.5% rise from last week's lows but is still on track for its first monthly loss since December. The leading cryptocurrency is down 5% for the month and is set for a 7% monthly decline against ether (ETH). The Federal Reserve's hawkish bets have boosted the U.S. dollar, which has a negative correlation with Bitcoin.

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