Bitcoin experiences first monthly loss of the year, falls ahead of debt ceiling vote.
TL;DR Summary
Bitcoin and Ether both posted their first losing months in 2023, with Bitcoin ending the month down 7.9%, making it its worst month since November 2022. The crypto market leader lost 2.77% to trade at $27,057.81, according to Coin Metrics. The fall comes as optimism around the debt ceiling rally fizzled, and more than $1.3 trillion was wiped off the cryptocurrency market in 2022 as the fallout from the FTX collapse weighed on investor confidence.
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