Bitcoin is on course to close May down a little over 7%, marking the first negative month for the world’s largest cryptocurrency since last December.
The drop would also mark BTC’s worst month since the collapse of cryptocurrency exchange FTX triggered a 16% price drop last November.
But a 7% drop in May is an improvement on its May 2021 and 2022 performances, when Bitcoin lost 35.38% and 15.56% respectively….
Read More: How Will Bitcoin Perform in June? Here Is What History Tells Us