BITCOIN WRAPS UP MAY WITH A SLIGHT DROP
Bitcoin has officially closed the monthly candle for May with a -3.6% decrease. This marks a slight correction for BTC following a previous period of high volatility, indicating that the market is still in a cautious state.
As we move into June, historical data shows that the average return for Bitcoin during this month is -0.14%, which is almost flat. However, the median return hits +2.2%, suggesting that June isn’t too bearish and still offers a chance for recovery if capital flows return.
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Bitcoin has officially closed the monthly candle for May with a -3.6% decrease. This marks a slight correction for BTC following a previous period of high volatility, indicating that the market is still in a cautious state.
As we move into June, historical data shows that the average return for Bitcoin during this month is -0.14%, which is almost flat. However, the median return hits +2.2%, suggesting that June isn’t too bearish and still offers a chance for recovery if capital flows return.
⭐️ Sign up for a Binance account to get a permanent 20% rebate on Spot, Futures, and Margin trading fees:
➡️ Fee rebate link: https://accounts.binance.com/register?ref=KO2C41E8
- Referral code: KO2C41E8