Bitcoin worth broke beneath its 55-day resistance at $27,000 on Could 12, down 12.3% in 30 days. However extra importantly, it has decoupled from the S&P 500 index, which has been just about flat for 30 days and 15% beneath its all-time excessive.

Because the chart signifies, for some cause Bitcoin (BTC) buyers consider favorable macro traits for dangerous markets have been overshadowed by the rising danger notion of the cryptocurrency trade.

Proceed studying on Coin Telegraph