Bitcoin started June trading below support at US$27,000 after experiencing its first monthly loss of the year in May. Ether also fell below US$1,900, while most other top 10 non-stablecoin cryptocurrencies traded flat to lower.
U.S. equities gained after the debt ceiling bill passed the House of Representatives, but analysts expect the U.S. to issue up to US$1 trillion in treasury bills this year, which could affect liquidity in risk assets like cryptocurrencies. Despite falling around 7% in May, Bitcoin is still up 62% for the year so far.
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