Tag: Crypto

The cryptocurrency market experienced a significant setback in May, with Bitcoin on track to record its worst month since the FTX exchange collapse in November of the previous year. After a remarkable rally earlier in the year, Bitcoin has encountered a monthly retreat for the first time in 2023, signaling a potential loss of momentum. The broader digital asset market, represented by a top 100 digital assets gauge, has also suffered a similar decline. This article explores the factors contributing to the waning enthusiasm for cryptocurrencies, including ebbing liquidity,...