Crypto prices dipped slightly into the red on Thursday, extending the downward trend from May when Bitcoin's price fell almost 4%. Bitcoin was trading at around $26,950, down 0.5% over the past 24 hours and the second consecutive day it dropped below $27,000.
Despite this, CoinDesk Head of Index Research Todd Groth noted that any monthly move under a safe flat fee of 5% is relatively muted for an asset with significant volatility such as cryptocurrency.
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