Bitcoin on Track for First Monthly Loss Since December
Bitcoin (BTC) has seen a 7.5% rise from last week's lows but is still on track for its first monthly loss since December. The leading cryptocurrency is down 5% for the month and is set for a 7% monthly decline against ether (ETH). The Federal Reserve's hawkish bets have boosted the U.S. dollar, which has a negative correlation with Bitcoin.
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Bitcoin on Track for First Monthly Loss Since December
Bitcoin (BTC) has seen a 7.5% rise from last week's lows but is still on track for its first monthly loss since December. The leading cryptocurrency is down 5% for the month and is set for a 7% monthly decline against ether (ETH). The Federal Reserve's hawkish bets have boosted the U.S. dollar, which has a negative correlation with Bitcoin.