Recent efforts towards peace negotiations in the Middle East show promise, but this has not translated into positive momentum for cryptocurrencies. In contrast, equities are climbing, bond yields are falling, and oil prices have dipped to their lowest levels in nearly three months.
In the latest trading session in the U.S., Bitcoin (BTC) fell to $72,500, marking a 0.5% decrease over the past 24 hours and a 5.5% drop for the week. Other leading cryptocurrencies are similarly struggling.
Bitcoin began May at approximately $77,000, and without a significant rally in the next 60 hours, it appears set to end the month lower, which would break its two-month winning streak.
