Bitcoin

<ul><li>BTC plummeted by 6% in May 2023, marking the first yearly retreat.</li><li>The cryptocurrency has slipped down to $27,196 from the 11-month high of $30,000.</li><li>Ava Labs’ John Wu argued that crypto’s utility should be demonstrated to the crypto-curious.</li></ul>A recent analysis <a href="https://www.bloomberg.com/news/articles/2023-05-31/bitcoin-btc-faces-first-monthly-drop-of-2023-as-crypto-revival-cools#xj4y7vzkg" rel="noopener noreferrer nofollow">revealed</a> that the largest cryptocurrency by market cap, Bitcoin, has exhibited a massive fall in May, after reaching the 11-month high of $30,000. Since the beginning of 2023, BTC has been ascending on a positive track, with some exceptions, almost bouncing by 84%. In May the trajectory of BTC tumbled down by around 6%, marking the first monthly retreat of 2023.At the press time, BTC is<a href="https://coinmarketcap.com/currencies/bitcoin/" rel="noopener noreferrer nofollow"> trading</a> at a value of $27,196.69, showing a decline of 1.88% in the last 24 hours. The 24-hour trading volume of the cryptocurrency is $14,227,642,456 while its market cap, being ranked one, is $527,309,252,296.<a href="https://coinedition.com/bitcoins-fall-in-may-marks-its-first-yearly-retreat-of-2023/" rel="noopener noreferrer nofollow">See the Original CoinEdition</a>

Bitcoin’s Fall in May Marks its First Yearly Retreat of 2023

Coin Edition

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