Bitcoin Rejected Near $38K After Two-Day Price Gain – CoinDesk – CoinDesk

Bitcoin is struggling to extend its two-day winning trend and remains coiled in a narrowing price range. The cryptocurrency is currently trading 2% lower on the day near $36,600, having faced rejection around $37,900 during the Asian hours.

The cryptocurrency dropped 35% in May, registering one of its biggest monthly drops on record. Prices are still up 25% on a year-to-date basis.

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