in Might, (BTC) posted its first month-to-month loss -6.98% after December 2022. However this consolidation was clearly not pushed by adjustments in fundamentals or the broader macroeconomic surroundings. Earlier than the US Federal Reserve introduced a pause in its charge hike cycle in June, the cryptocurrency market was on the lookout for path and liquidity on this part.

Many indicators, akin to futures markets and enterprise capital investments, level to optimistic underlying sentiment. Nevertheless, whereas conventional markets and tech shares had been capable of proceed their positive aspects in Might, precise value motion within the cryptocurrency market remained subdued and took time to get well.

Learn extra on Cointelegraph